Financial worries ‘too often a taboo subject’

A recent poll carried out by Ciao covered 1,000 British adults and revealed that around 83 per cent of those asked suggested they were worried that their children would eventually find themselves facing debt management trouble.

The findings have been revealed to coincide with the Department for Education and Skills’ (DfES) launch of the ‘Talking Money initiative, which aims to improve the level of financial literacy among British families.

Bill Rammell, minister for higher education, said: “While parents are happy to talk with their offspring about socialising, boyfriends and girlfriends or getting a job, it would appear that in many families money remains the last taboo subject.”

It was revealed earlier this week by government statistics that the number of children in the UK living below the poverty line increased for the first time in three years.