Two major surveys carried out for the Talk Money Week campaign this week have highlighted the poor state of financial education in the UK and the overwhelming desire of adults for much better money education for themselves and their children.

A new study suggests that 16-year olds have better money skills than older generations due to the introduction of money education in English schools in 2014.

Financial education is failing to help young people despite the vast majority wanting regular money lessons at school, according to new research.