Apr 24 2008
Young Britons need help in understanding how financial issues affect them and how relevant products can be used, it has been suggested.
According to Abbey Banking, parents can give their children a good start in life by engaging them on subjects relating to finances and money.
The assertion from the financial services firm came in response to its own research that showed around one in five children aged between 11 and 15 are already worried about being short of money or in debt in later life.
"Parents can calm their children's fears on issues such as house prices and concentrate on teaching their children good financial habits such as saving their pocket money," said Steve Shore from Abbey Banking.
Earlier this year, the government announced its plan to encourage teachers to use child trust funds as way of educating young Britons about how certain financial products can be utilised.
