An 18-year-old will need almost £1.75 million in today’s money to sustain a typical standard of living throughout their life, new research by Axa has suggested. Figures produced by the financial firm showed that the average annual expenditure per person…

An increasing number of 18 to 24 year-olds are helping their parents financially in the wake of the credit crunch, new figures have revealed. Research from Engage Mutual found that 41 per cent of young people in this age group…

A new savings account aimed at children is now available, it has been announced. The Child Regular Saver is being offered by The Nottingham and features an interest rate of 7.5 per cent for young people aged 16 or under.…

The 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…

A 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…

Young 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…

Debt 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…