Research from LV= has found that young people from lower socioeconomic backgrounds (LSEBs) face "persistent" barriers when accessing and progressing within the financial services industry.
The research, conducted among young people aged 16-21 in partnership with the Social Mobility Foundation, found that 40% of people from LSEBs believed the financial services industry was open to someone "like them". LV= said this is significantly less than their peers from intermediate and professional backgrounds. The respondents said that understanding how to access the financial services industry was a greater barrier than average across industries. A lack of entry-level opportunities was seen to be more limiting in financial services compared to other sectors, such as healthcare o...
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