Less than half of Gen Z understand that inflation can erode the value of their money

In December the Financial Times launched its annual Seasonal Appeal to raise funds for its Financial Literacy and Inclusion Campaign (FT FLIC). It comes as research shows that less than half of Gen Z (16-24-year-olds) understand that inflation can erode the value of their money as UK inflation jumped to 4.2%, the highest level since 2011. A survey of 3,194 people in England, commissioned for the Financial Times by Ipsos Mori, reveals that just 49% of 16-24-year-olds were able to correctly state that they would be able to buy less in future…

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