Numeracy is an important aspect of everyday life, encompassing everything from simple calculations to complex problem-solving. However, many UK adults lack the confidence or skills required to navigate numeracy-related tasks effectively. This can often lead to missed opportunities, financial difficulties, and even health risks.
There is also a strong correlation between financial wellbeing and work productivity. In fact, when employees are not financially stable, it can have a negative impact not only on their own performance, but on their employer’s bottom line as well. According to a study conducted in 2018, 11% of UK employees reported experiencing a decrease in productivity over the previous three years due to financial stress. Therefore, it is crucial for UK adults to develop and maintain their numeracy skills to succeed both personally and professionally.
One of the most significant areas where numeracy skills are essential is finance. Here are some concerning statistics regarding financial stability in the UK:
- Over 11 million people have less than £100 in savings for emergencies
- 9 million people borrow money to pay for basic necessities like food and bills
- 22 million people admit to not having enough knowledge to plan for their retirement
- 5.3 million children in the UK do not receive a proper financial education.
From budgeting to understanding interest rates, being numerate is crucial for managing your finances effectively. Without these skills, it can be challenging to make informed decisions about investments, loans, and other financial products. In contrast, those who are numerate can make better financial choices, leading to greater financial stability and security.
Another area where numeracy skills are vital is health. Understanding dosages, interpreting test results, and calculating medication doses are all examples of numeracy skills that are crucial for maintaining good health. Without these skills, individuals may not be able to manage their health effectively, leading to avoidable health complications, hospitalizations,
and even fatalities.
Fortunately, it is never too late to improve your numeracy skills. One practical tip is to take advantage of online resources, such as numeracy games and tutorials, to improve your skills in a fun and interactive way. Additionally, many community colleges and adult learning centers offer numeracy courses tailored to the needs of adult learners. These courses can provide essential skills and knowledge to improve confidence and support lifelong learning.
Numeracy skills are essential for UK adults to succeed both personally and professionally. From managing finances to maintaining good health, numeracy skills are crucial for navigating everyday life. However, many adults in the UK lack the confidence or skills required to navigate numeracy-related tasks effectively. By taking advantage of Multiply, free resources
and courses are available where individuals can improve their numeracy skills and boost their confidence, leading to greater success in all areas of life.
Learn more about how our funded Multiply programme for working adults can support you by getting in touch with us at hello@smartlyte.co.uk. For more interesting reads, check out our blog Start Small and Build Confidence.