Teens show improving debt management after recession
The recession has led to teenagers showing more financial awareness and better debt management skills, new figures have suggested.
According to research from NatWest, 67 per cent of youngsters aged between 12 and 19 said they feel they have better control over their money as a result of the credit crunch.
In addition, the study found that 33 per cent of boys are attempting to save most or all of their money, while 24 per cent of British girls see the benefits of saving for a rainy day and have been putting cash in their piggy banks.
Commenting on the figures, Gary Millner, director of operations at the Personal Finance and Education Group, said: "People will learn lessons from any sort of crisis especially when it's one that affects them personally or one that they can see affecting and impacting on others."
He added that young people will be more willing to learn when education is relevant to them - it makes it a lot more interesting.
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