More than 50 per cent of Britons feel they will be better equipped to protect their assets from future banking crises if they understand how the financial system works.
Some 1,000 UK adults were surveyed by educational publisher Pearson and 80 per cent said they think financial literacy is essential to make sure people can properly look after their money.
Scandals such as Libor fixing and the mis-selling of payment protection insurance have left many consumers doubting the integrity of bankers and so they are keen to learn how to manage their own investments.
In fact, two-thirds of respondents have read up on key financial concepts in the past 12 months in an effort to improve their knowledge levels.
Personal finance expert Paul Knott wants to see more done by the authorities to empower people to make their own financial decisions.
"Money dominates the world we live in and in many respects, how we live, but it's a system that most of us have never thought to question," he added.