According to HSBC, delaying starting a retirement fund until the age of 30 can mean that a pension is half of what one could get if saving starts at 21. Ian Martin, head of pensions and retirement income at HSBC,…

In the AA Savings report, nearly a third of parents said that they expect to end up broke due to paying for children, while 17 per cent specifically expect to pay off their offspring’s student debts. Lloyd East, director of…

Policy Exchange claims that twentysomethings are suffering from student debt, rising house prices, a pensions crisis and soaring house prices. “The pensions crisis, the housing boom and the cycle of inflation and disinflation have shifted power and wealth to the…

Beccy Boden-Wilks, spokeswoman for the National Debtline, said that as debt becomes normalised with students, that does not mean that it should breed complacency. “It is important that young people don’t develop a complacency about [debt] where they accept it…

Swansea Institute computer student Geraint Banks-Wilkinson, 20, hanged himself because HSBC cancelled his overdraft facility, worth up to £1,200. “When he came back, basically he sat in the car, put his head in his hands and sobbed,” his mother Mrs…

Fee levels have risen by an average of 43 per cent since 2000, while earnings have risen by an average of 24 per cent in the same period, Halifax claims. Halifax’s chief economist, Martin Ellis, commented: “The rapid rise in…

In the NatWest survey, over a fifth of students now live at home, an increase of a third in just a year, with 71 per cent of students fearing that “money will be very tight”. “Concern over the cost of…