Feb 13 2007
Many teenagers in Britain think about money on a daily basis, it has been reported, with over half experiencing debt by the time they are 17.
Recently published research from the Personal Finance Education Group (pefg) reveals that 66 per cent of teenagers think about money matters every day, while 90 per cent expressed concerns about spending.
The survey also revealed that 62 per cent of teenagers want to learn more regarding investing, with 54 per cent interested in increasing their savings knowledge.
Wendy van den Hende, chief executive of pfeg, said: "We owe it to our young people to ensure that they have the financial acumen to deal with the responsibility of being an adult."
She added that it is for this reason that it is essential to integrate personal finance education into the school curriculum.
The ifs School of Finance welcomed this study, describing it as a "useful demonstration" of the problems regarding financial education in the UK.
