MSE News: Two thirds of young people worried about money

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Former_MSE_Rose
Former_MSE_Rose Posts: 128 Forumite
edited 27 June 2011 at 3:00PM in Student MoneySaving
This is the discussion thread for the following MSE News Story:

"Two thirds of young people are worried about not having enough money in the future, according to survey results released today ..."

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  • Reaper
    Reaper Posts: 7,285 Forumite
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    edited 27 June 2011 at 3:49PM
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    Nearly all the young people surveyed said it's important to understand how to manage their cash, highlighting the relevance of MoneySavingExpert.com's current campaign to get financial education into schools.
    I hope the question was not a loaded as you make out. Who would ever reply that it is not important to know how to manage your cash?

    For your inference that the answer supports the MSE campaign the question should have been whether they felt they had enough knowledge to manage their finances or whether they needed more training.


    EDIT: Ah I found a little bit more on the PFEG web site:
    Almost all young people (95%) thought that it was important to understand how to manage their money. But there were lots of areas which they felt they needed to learn more about. 50% or more of the young people we surveyed said that they needed to learn more...
    So the actual figure you should be quoting as support for the MSE campaign is around 50%.
    EDIT 2: Actually I see now even that figure is not correct as the survey does not make clear how the total population of the survey answered, it gives figures for a number of areas (budgeting, debts etc) but not the total who felt there was 1 or more area they needed to know more about. All we can say is it was 57% or more (the highest category).
  • Wicked_witch
    Wicked_witch Posts: 722 Forumite
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    Presumably, the two thirds who do understand the new fee system?
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