Vince Cable, Treasury spokesman, said while there are some good courses available to a very small part of the student population, overall education standards regarding money are “abysmal” because it fails to grasp the magnitude of the problem. Mr Cable…
Continue reading the "Finance education ‘failing young people’" »
According to Yorkshire Bank’s latest Housebuyers report, more than 80 per cent of first-time buyers are considering taking out a 25 year-plus home loan, while only 39 per cent would rule out a mortgage that was five times their income.…
Continue reading the "First-time buyers ‘risking all they have’" »
Beccy Boden Wilks, from National Debtline, said that some young adults who have recently graduated are saddled with substantial or 100 per cent mortgages, meaning their monthly outgoings are likely to be very high. And those who are unable to…
Continue reading the "‘Under-35s saddled with huge money worries’" »
Becky Wilks, a spokeswoman for National Debtline, said that young people are more likely to need debt help than older people as fewer younger people read the small print on store cards. “The music is on, you’re buying clothes and…
Karen Barrett of unbiased.co.uk commented on findings that 76 per cent of parents who lent money to children to buy homes do not expect to see it repaid. “Even though our research shows parents are willing to help their children…
Continue reading the "Parents ‘need advice before large financial commitments’" »
The ifs School of Finance has said that despite figures showing that insolvencies are on the increase and that lenders were giving Britons even more credit, 6,000 students were taking GCSE, A-level or equivalent personal finance qualifications. “Whilst it may…
In the Family Investments report, 39 per cent of parents said that they did not understand or were unsure of the difference between child trust funds (CTFs), which could cost them and their offspring dearly. “Parents see cash as a…
According to Bradford & Bingley, within two generations parents will not be able to rescue children from debt due to financial problems of their own and the rising cost of property and university fees. Steve Potter, head of savings for…
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