Young British consumers need to learn how to manage their money effectively to avoid facing debt management disaster when the get older, it has been claimed. Becky Boden-Wilkes, a spokesperson for National Debtline charity, insists that the onus is on…
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Banks entice students and then “attack them quite viciously” with debt, according to the National Union of Students (NUS). A spokesperson for the organisation said that students need better debt advice and the access to financial information as they are…
Britain’s indebted children are relying on their parents as a debt solution, according to the latest research from MoneyExpert.com. Some 40 per cent of parents have been called upon to offer their children some form of assistance with their debts,…
The average level of mortgage debt among people aged between 25 and 34 in the UK almost doubled within ten years, according to the latest figures. A study by the National Centre for Social Research and the International Longevity Centre…
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Schools around the UK are being encouraged to improve the level of financial literacy among British children, the Treasury has announced. While debt management problems continue to plague families across the country, the government is keen to see younger generations…
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Grandparents are providing financial assistance to their grandchildren to fill the gap left by parents who are not debt free. According to research from CreditExpert, the financial “void” left by parents who are struggling with debt management has seen more…
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The government has pledged £11.5 million to improving financial education in schools. With the first children to benefit from child trust funds (CTF) entering school this September, the new financial boost will help tech children about basic financial concepts, knowledge…
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The National Union of Students (NUS) has made clear that it would not support the introduction of commercial rates on loans taken on by young consumers attending university. A spokesperson for the union insists that adding to the debt management…
Continue reading the "Don’t make students pay more, says NUS" »
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