Financial Capability Survey, 2018

<p>The <span style="font-style: italic;">Financial Capability Survey, 2018 </span>is the third survey in the series for which interviews were conducted with a UK nationally representative sample of 5,974 adults. The sample was boosted in each of the devolved nations (Scotland, Wales and Northern Ireland) to ensure a robust base for analysis in each nation. The mixed mode approach aimed to balance online with offline interviewing, as informed by a number of successful surveys.<br><br>For the 2018 survey, there were additional research objectives to:</p><ul><li>Update and improve the 2015 Building Blocks analysis;</li><li>Validate measures derived in 2015;</li><li>Improve the survey design to increase overall effective sample size enabling more effective analysis of important sub-groups such as devolved nations, young adults, older people in retirement;</li><li>Improve measures of retirement planning.<br></li></ul>For comparability purposes, the basic methodology remained the same as in 2015. This includes the mix of online (via a panel) and face-to-face fieldwork techniques. However, to build on learnings from 2015, some improvements were made to the approach, all detailed in the technical report.<br> <p>The Financial Capability Survey is is a nationally representative survey of adults aged 18+ living in the UK, commissioned initially in 2005 by the Financial Services Authority and then in 2015 and 2018 by the Money Advice Service (MAS), to support the development and delivery of the <a href="http://www.fincap.org.uk/" target="_blank" style="">Financial Capability Strategy for the UK.</a><br><br>The survey was designed primarily to: (1) generate measures of adult financial capability in the UK signalling where capability is higher or lower and (2) to provide a diagnostic tool identifying the potential enablers and barriers to financial capability.<br></p>