Rishi Sunak has highlighted a significant financial literacy gap in the UK, where 40% of adults reportedly lack the skills to manage their finances effectively. This figure is concerning, especially as the UK ranks behind countries like Germany, Australia, and the US in financial knowledge. A recent study by the Richmond Project revealed that only 28% of Britons could grasp essential concepts such as compound interest, inflation, and risk diversification. The findings indicate that women are particularly struggling in this area, with the gap widening significantly during middle age when crucial financial decisions are made. To address this issue, Sunak and his wife, Akshata Murty, established a numeracy charity aimed at embedding financial literacy into the school curriculum. Starting in September 2028, financial education will be compulsory in England, focusing on budgeting, money management, and mortgages. Sunak emphasized that improving financial confidence is essential for individuals to pursue better opportunities and secure their families' futures.