Teens fear future loan debts
Feeling uneasy towards the possible state of your future finances is probably not something that concerned you whilst being in school…how times have changed.
New research released by Abbey National has revealed that almost 20% of children in their early to mid teens have given thought at least once towards the possibility of being in debt when they reach adulthood.
As Britain becomes more acclimatised towards being in debt, and the process of acquiring loans and other forms of credit becomes all the more part of our daily lives, British adolescences are becoming more aware of the detriments that walk hand in hand with a credit driven lifestyle.
A spokesperson for Abbey National commented that the findings should not really come as to much of a surprise, especially if consider that statistically around 1 in 3 British children will have parents who are in some kind of debt. If children grow up in the type of environment where debt is a common cause of family friction, is it any wonder that they’d have concerns about their own future.
In addition, it is believed that the introduction of credit awareness classes to some schools may also be responsible for raising the profile of personal debt amongst teenagers.
