Young people who feel confident about their financial know-how also see their future more positively, a new survey finds.Almost half of all respondents said they felt they had the skills to manage money. Image: Mikko Stig / LehtikuvaSTT13:46There is a clear link between young people's overall confidence in their future and their financial self-confidence, according to a report by Junior Achievement (JA) Finland, an organisation promoting financial literacy.Young people who are optimistic about their future tend to rate their financial skills more highly than others. Among those with less confidence in their future, only about a quarter believed they would have enough money in the future.Almost half of all respondents said they felt they had good knowledge and skills when it came to managing money. Four years earlier, just 37 percent said the same.Boys more confidentFifty-five percent of boys rated their knowledge and skills in managing money as good, compared with 38 percent of girls. Boys were also clearly more likely than girls to say they were interested in financial matters. Still, around 70 percent of both boys and girls said they would like to improve their financial know-how.The survey also found young people with immigrant backgrounds kept track of and planned their spending more often than young people born in Finland.Almost 90 percent of young people said they learn about money from their parents, guardians or relatives. Video platforms were the second most important source of information. Family background also seems to play a role in young people's financial skills, with parents' education levels and employment situation showing up in the responses.More than 6,400 lower and upper-secondary students from across Finland took part in the survey this spring. Pollster Taloustutkimus collected and analysed the data.
Boys more confident in their money skills than girls
Young people who feel confident about their financial know-how also see their future more positively, a new survey finds.







