Archive for the ‘Debt and Young People’ Category

TweetShareThe current financial crisis is resulting in parents giving their children more pocket money, it has emerged. Research by NatWest Adapt has found that parents are giving their offspring the cash to help them learn about money management skills, which could help if they wish to remain debt free later in life. The data found [...]

TweetShareA book aimed at teaching young people about the importance of being financially responsible is now available in Gaelic, it has emerged. The publication, titled On the Money, is part of a project launched last year by Standard Life, Learning and Teaching Scotland and the Scottish Book Trust with the aim of education children between [...]

TweetShareYoung people need to start saving now and not let the credit crunch hinder their opportunity to create a safe financial future, one insurance firm has stated. Norwich Union has issued the warning after a new survey from the investments and pensions firm revealed the young people of today could face average weekly shopping bills [...]

TweetShareDebt is causing young people to not think about their long-term plans and save money for the future, according to one insurance expert. Roger Edwards of Bright Grey also suggested that society as a whole is not contributing enough towards savings, meaning many could struggle if they are forced to stop working for whatever reason. [...]

TweetShareA new initiative aimed at reducing child poverty has been unveiled by ministers. Jobcentre Plus personal advisers are to be placed in children’s centres in order to give parents better access to their services. It is hoped this measure will lead to more parents being in employment, lowering the level of child poverty and helping [...]