This is according to a report published by the Friends Provident Foundation, which added that 40% lack an understanding of coins, notes and their value, and that 86% are confused over income, expenditure and benefits.
To support the UK’s Learning Disability Week, which takes place from today until Sunday, Barclays is promoting a suite of resources aimed at helping people with learning disabilities build the understanding, skills and confidence they need to manage their money.
The Barclays Money Skills (new window) resources, entitled ‘Banking Made Clear’ (new window), were developed in partnership with the British Institute of Learning Disabilities.
They include a comprehensive guide, a quick guide and a DVD offering step-by-step information about opening and using a bank account, budgeting, spending and saving, and where to go for help and advice.
Also available is a volunteer activity pack which enables Barclays colleagues and other facilitators to share their money management skills with people who have learning difficulties in their local communities.
As part of Learning Disability Week, colleagues across the UK will be delivering Barclays Money Skills sessions using the suite of resources.
Joanne Morgan, Disability Consultant for UK Retail and Business Banking, said: “Our goal is to make banking accessible to all our customers and continue to break down the barriers that disabled people face.
“Supporting people with a learning disability is a key element of Barclays commitment to diversity and inclusion.”
Barclays support of Learning Disability Week reflects its commitment to create an ever more inclusive workplace, ensuring that the organisation treats people fairly and with respect, and values all aspects of diversity.
Barclays wants its business to reflect the communities it serves by providing products and services to meet diverse needs.
Learning Disability Week, an annual event organised by charity Mencap, celebrates the achievements of people with a learning disability and raises awareness of the issues they face.