April is the financial literacy month as tens of millions of people in one of the wealthiest countries in the world are extremely financially vulnerable. Millions more are barely making ends meet with the cost of living crisis, rising prices including food, spiralling energy bills and price of consumer goods and services rose at the fastest rate in four decades in the year to October 2022.  And when it comes to even basic knowledge around money principles and personal finance, we have a long way to go to achieve financial competency. What does this really look like in relation to accessing emergency savings, debt levels, net-worth, and poverty rates, and what does this look like through a racial and gender lens. Almost 2.5 million renters are either behind or constantly struggling to pay their rent- an increase of 45  per cent since April 2022.

The UK cost of living crisis is affecting people across the UK, rising inflation, for critical communities  such as energy, food and fuel.