Halifax is part of the Lloyds Banking Group.
The question read as follows: "If somebody asked you to explain what the following words mean, which ones, if any, do you think you would be able to explain?".
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Financial terminology comprehension among children in the UK 2014 and 2015
This statistic shows the share of children in the United Kingdom (UK), who self-evaluated their understanding and ability to explain financial terms as of May 2015. Approximately 56 percent of children in the sample confirmed that they would be able to explain what "loan" and the term "bank account" means.
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Lloyds Banking Group. (July 10, 2015). Share of children who understand financial terms in the United Kingdom (UK) as of 2014 and 2015 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 30, 2026, from /statistics/463124/financial-understanding-children-united-kingdom/
Lloyds Banking Group. "Share of children who understand financial terms in the United Kingdom (UK) as of 2014 and 2015." Chart. July 10, 2015. ÌÇÐÄÆƽâ°æ. Accessed July 30, 2026. /statistics/463124/financial-understanding-children-united-kingdom/
Lloyds Banking Group. (2015). Share of children who understand financial terms in the United Kingdom (UK) as of 2014 and 2015. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 30, 2026. /statistics/463124/financial-understanding-children-united-kingdom/
Lloyds Banking Group. "Share of Children Who Understand Financial Terms in The United Kingdom (Uk) as of 2014 and 2015." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 10 Jul 2015, /statistics/463124/financial-understanding-children-united-kingdom/
Lloyds Banking Group, Share of children who understand financial terms in the United Kingdom (UK) as of 2014 and 2015 ÌÇÐÄÆƽâ°æ, /statistics/463124/financial-understanding-children-united-kingdom/ (last visited July 30, 2026)
Share of children who understand financial terms in the United Kingdom (UK) as of 2014 and 2015 [Graph], Lloyds Banking Group, July 10, 2015. [Online]. Available: /statistics/463124/financial-understanding-children-united-kingdom/
