Thursday 24th April 2008
More than a fifth of young people are worried that they will face a personal debt problem in later life, Abbey reveals.
Research conducted among 11 to 15-year-olds by the financial services provider shows 21 per cent are expecting to experience money troubles in later life.
Steve Shore, director of Abbey Banking, says: "The news is fairly extreme and shows just how much information children absorb.
"Parents can calm their childrens fears on issues such as house prices and concentrate on teaching their children good financial habits."
Some more typical concerns were also expressed, with 15 per cent of respondents worried about falling out with their friends.
However, the two issues could be related, in light of new figures from the Charities Aid Foundation.
The organisation found that 41 per cent of Britons would spend money on enjoying a comfortable lifestyle if they were to become rich.
But only one in 25 - four per cent of those queried - said they would use the funds to help their friends.
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