YORKSHIRE and Humber residents have admitted that they wish they had been taught more about personal finance at school.

Digital wealth manager, Nutmeg, conducted a study that looked into the issue of poor financial education in schools across the UK.

It found out that in Yorkshire and the Humber, 63 per cent would have felt more confident with their own finances as an adult, had they learnt the basics at school.

Over half of adults in the region said they are self-taught in understanding and managing their finances, while education accounts for only 15 per cent.

43 per cent of teens said they don’t feel confident managing a cash ISA, lifetime ISA and pension, while only 27 per cent feel comfortable managing a credit card

Though a compulsory part of the National Curriculum, 27 per cent of teens in Yorkshire and the Humber say they have not received financial lessons at school and of those who have, 40 per cent say they made no difference to how confident they feel in managing their finances.

Lisa Caplan, head of financial advice at Nutmeg, said: "We understand there is a confidence crisis in the UK and financial education is important to help people make quality, well-informed decisions that will make a difference to their future."