Study warns of money skills 'gaps'

Young people are entering adult life with "dangerous gaps" in their money management skills, a study has found.

Two-fifths (42%) of 14 to 25-year-olds were unable to interpret the difference between being in credit and overdrawn on a bank statement and about one in eight (13%) did not know what an overdraft was, according to Barclays and charity pfeg (Personal Finance Education Group).%VIRTUAL-SkimlinksPromo%