Youngsters 'worry about money'

Almost two-thirds of young people are worried about not having enough money in the future, according to a new poll.

Over half (57%) of 12 to 16-year-olds expect to find it hard or harder to manage their finances when they grow older, and 95% wanted to learn more about household bills, budgeting and the cost of moving out of home.
The research was released to coincide with My Money Week, which aims to highlight the importance of young people gaining financial skills.

Some 62% are concerned about not having enough money, while almost a third (30%) worry about future debt.

The Personal Finance Education Group charity, who commissioned the poll of 1,000 youths, said the results demonstrate the desire of teenagers to learn about money.

Chief executive Wendy van den Hende said: "As this survey shows, young people are worried about having enough money for their future, whether going to university, starting work or saving for something, but are very keen to learn more.

"Understanding and managing your personal finances is vital and getting involved with My Money Week can help young people learn some of the practical skills they need."
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