Current status: Answered by Richard Lochhead on 26 August 2025
To ask the Scottish Government what action it is taking to encourage young people to save money using schemes run by credit unions.
The Scottish Government is supporting work to encourage young people to develop good financial habits and increase engagement with credit unions. This includes collaboration with partners on initiatives aimed at improving financial education in schools and helping young people access suitable financial products.
Current work focuses on piloting approaches in selected areas to test how best to increase account ownership among school leavers and reduce financial exclusion, with progress being monitored to inform future policy and potential wider rollout.