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Financial Capability in the UK: Establishing a Baseline

We next turn to comparisons between the US and other countries in the Second Great Contraction. The simplest of cross-country comparisons involves dividing the post-2007 crisis experience into two batches, those countries that experienced systemic banking crises and those that had milder borderline problems in their financial sector (which does not preclude them from having other serious “varieties” of crises, notably fiscal in this case.) 7 This applies the same criteria as Reinhart and Rogoff (2008). Figure 2 presents the evolution of per capital GDP normalized to equal 100 in 2007. The inset in the chart indicates which. | FSA Financial Capability in the UK Establishing a Baseline Contents Foreword 3 Executive summary 4 Background 4 Overview of results 4 Next steps 5 Illustrating the findings 6 Background 8 Detailed results 9 Making ends meet 10 Keeping track of your finances 12 Planning ahead 14 Choosing financial products 17 Staying informed about financial matters 20 Next steps 22 The need for intervention 22 The National Strategy for Financial Capability 22 Appendix 24 What are the next steps with the Survey 24 Methodology .