FSA Helps Young Debtors
The FSA (Financial Services Authority) have launched a new website called “What About Money” in the aim to educate young Brits about their finances and how to take better control over their debt management issues.
This site is partly in response to new external research which shows that two-thirds of young people are not planning ahead financially and that 80% are in some form of debt by the time they hit 21. The website is broken down into different life stages, such as going to university or buying your first house, where a young adult is going to need advice about how to handle their finances.
The FSA describe it as a ‘one stop money information shop’ and Chris Pond, FSA director for financial capability said: “We want to help young adults feel more confident about managing their money and help ensure they believe that money is something they ‘can do’.”