#018 – Charlotte Malton: Young adults and money management

22nd March 2018

charlotte malton headshot

In this episode Iesha talks to Charlotte Malton, a Senior Research Executive at BritainThinks, about a report she recently co-authored for the Money Advice Service on young adults and money management. Iesha and Charlotte discuss how young people manage their money at different stages of their lives between 16 and 25, as well as trends in their knowledge, behaviours and attitudes, and some practical tips for managing money better.

In this episode Iesha and Charlotte:

  • Reflect on how her training as a primary teacher led Charlotte into her current role in education research
  • Chew over the difficulties of translating research into policy
  • Discuss the social pressures that young people feel around money
  • Consider the specific gaps that young people report in their knowledge about money management
  • Reflect on how (and why) we often rely on learning practical skills ‘as we go along’
  • Examine why young people avoid revealing to friends and family when they’re struggling financially
  • Try to remember the last time they visited a bank
  • Discuss the ways in which technology is changing how younger generations manage their money
  • Admit that older people often don’t follow the financial advice they give to younger people
  • Bust some myths about how young people conceptualise and value money
  • Reflect on the relationship between personal finances, risk and social mobility
  • Consider the possibilities for incorporating financial literacy into the school curriculum
  • Compare tips and tricks for how young people can manage their money better

Resources/people featured or mentioned:

Show notes and links for this episode can be found here.

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Music credits:

‘Oui’ by Simon Mathewson and ‘Jump for joy’ by Scott Holmes both from http://freemusicarchive.org