Children are leading the way in personal finance

For those that think young people are money-wasting gadget fiends who are more interested in splashing the cash than savings, new research says you're wrong.

I'll admit that my generation of 20 and 30-somethings were untroubled by burdening ourselves with student debt and indulged in the odd credit card until the recession hit us like a truck and we all learnt the true cost of life on credit.