Abstract copyright UK Data Service and data collection copyright owner.The Financial Capability Survey is a nationally representative survey of UK residents, commissioned initially in 2005 by the Financial Services Authority and then from 2015 onwards by the Money and Pensions Service (formerly the Money Advice Service), to support the development and delivery of the Financial Capability Strategy for the UK.
The Financial Capability Survey, 2015 updates the evidence base on UK Financial Capability established by the Financial Capability Baseline Survey, 2005, held under SN 5697. The questionnaire and methodology have been modified since 2005, so there is limited scope for comparisons over time. The intention is to repeat the survey in 2018. Further information about the 2015 survey can be found on the Financial Capability website Financial Capability Survey webpage.The dataset contains the core UK data from the 2015 survey. This includes Scotland, Wales and Northern Ireland interviews conducted as part of the core UK survey. Additional booster interviews were conducted in Wales, Northern Ireland and Scotland, but these are not included at present. It is hoped that additional data files for each of the three devolved nations will be deposited in future, which will include the full dataset for each including interviews conducted as part of the core UK survey and the additional booster interviews. For the second edition (August 2017), separate datasets for Scotland, Wales and Northern Ireland and accompanying documentation were added to the study. Additional booster interviews were conducted in the three devolved nations as part of the study. The new datasets include data for the interviews conducted in each country as part of the core UK survey, as well as the booster interviews.
Main Topics:
The survey covered; financial wellbeing; financial literacy; financial numeracy; subjective well-being; life satisfaction. Information was also gathered on: self-reported behaviours of managing money well day-to-day, preparing for and managing life events and dealing with financial difficulty; saving, spending, shopping around, credit use, budgeting, keeping track, impact of life events, planning and protection/insurance; and enablers or inhibitors of financially capable behaviour: skills, knowledge, attitudes, motivations and ease/accessibility.
Quota sample
Face-to-face interview
Self-administered questionnaire
