Jun 24 2008
A new report has highlighted the problems many young people in the UK are being faced with.
Research by the two charity organisations YouthNet and Citizens Advice found that almost one in four Britons aged between 16 and 24 are feeling stressed because of their money problems.
Many parents aim to help their offspring get a good start to their financial life through by saving for children as they grow up but increasingly young people are finding themselves with debts to worry about as they approach their 20s.
In fact, around 47 per cent of the young people quizzed as part of the recent study said that they had experienced some sort of problem with debt and for many the situation was traumatic.
Last year, the government launched an initiative that would aim to promote the use of child trust funds as way for teachers in schools around the country to engage their students on personal finance issues.
