Fixing Family Finances: Taking a household view to improving financial capability in Great Britain

This report takes a fresh look at financial capability in Great Britain. It extends previous work using the Wealth and Assets Survey to understand the nature and drivers of the problem that Britain faces and make recommendations for how capability and outcomes can be improved. In particular, by using the household nature of the Wealth and Assets Survey and original polling and focus groups commissioned for the report, it assesses how families share responsibilities and asks whether social ties can reduce the impact of individuals’ low financial capability. It highlights three key groups of households where interventions could be targeted and makes suggestions for a way forward.

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