Here’s a wild stat: nearly a third of Gen Z (24-year-olds and younger) are diving into investing before they even leave uni. Compare that to millennials (15%) and baby boomers (just 5%) hitting the markets that early. We get it: mobile apps make trading feel like snapping pics. With TikTok financial tips and low-cost platforms, investing seems normal, even fun. But regulators like the FCA are sounding alarms: too many are loading up on crypto-first, risking it all. So here are some things Young People in the UK Need to Know.
Young People in the UK Need to Know how to Open up ISAs
Chancellor Rachel Reeves is shaking things up, aiming to make ISAs (Individual Savings Accounts) more Gen Z-friendly. Think: boosting retail investment, introducing junior ISAs, removing stamp duty, and expanding beyond UK-only stocks.
Maybe now Gen Z will finally get why ISAs aren’t some dusty tax tool—and can work hard for you in the long run.
Financial Literacy Still Failing the Generation
Yet here’s the kicker: only 1 in 4 young adults actually received any real financial education at school. That’s millions of futures navigating bills, budgeting, and loans… without a clue.
No wonder TikTok’s full of “finfluencers”-guys in Lambos selling trading courses. The problem? Most aren’t qualified. Schools are skipping money lessons, and youth are turning to social media instead.
A Government-Sparked Investment Culture, but Is It Enough?
Reeves’ ISA push is bold. But it needs to include proper education, not just tax breaks. With only a fraction of people able to name or use financial products properly, awareness matters as much as access
What Young People in the UK Need to Know and Why This Matters Right Now
For young people, delays in home ownership, stable jobs, or feeling financially secure are already real. This isn’t just about saving, but about believing in your future again.
How to Turn It Around (Your Wallet, Your Power)
- Invest smart, not fast – Know when to swing big, but also when to pace yourself. Use ISAs, diversify beyond crypto, and ignore the Lams, look for real advice.
- Learn as you earn – If money wasn’t taught in school, teach yourself. FT FLIC, Vault, tutorials, there’s legit resources out there.
- Advocate for what young people need – Policies must include education, not just perks. ISA reform is good, but only if it matters to folks who need proper financial tools.
- Speak the language of your community – Finfluencers fill a gap, make that gap educational, responsible, real.
Big Picture: This Generation’s Financial Power
This moment? It’s an invitation. For too long, young people have been the “lost generation”, educational interruptions, housing crises, stagnant wages.
Now, you’ve got tools. Apps, investments, policies (ISA reform), and, if you dig deep, financial literacy. The question isn’t whether you can win with money, it’s how you want to win.
Thank you for reading, click the link to read more of our Finance Articles
Zita Salum, a British, Tanzanian journalist with a London heart, is making waves in the world of media. Born and Raised in Hackney London, she discovered her passion for storytelling at a young age. Her journey began as an admin for the Inside Success magazine, but her talent quickly shone through. Zita's ability to craft compelling narratives and her knack for capturing the essence of a story led her to become an editor for the magazine.
From there, her career soared. Zita has contributed to a diverse range of publications, including the prestigious W magazine, showcasing her versatility as a writer. Her expertise spans across industries such as music, corporate, political, sports, arts, and fashion. Beyond her written work, Zita has also excelled in broadcast journalism. Her natural ability to connect with interviewees and her engaging hosting style have made her a sought-after talent in the industry.
In her free time, Zita is a dedicated networker, attending industry events and immersing herself in the latest trends. She is also passionate about investigative journalism and has produced creative documentaries that shed light on important issues. With her talent, drive, and unwavering commitment to her craft, Zita Salum is undoubtedly a rising star in the world of journalism.
Leave a Reply
You must be logged in to post a comment.