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Poll: Kids worry about having enough money, too much debt

Created: On July 14, 2011 @ 12:05 pm In

A U.K. study found that two thirds of kids 12 to 16 are worried about not having enough money in the future. The poll conducted by the [1] Personal Finance Education Group, a charity focused on financial education, surveyed 1,000 kids between the ages of 12 to 16.

Will they have too much credit card debt?

Among the survey’s findings, 62 percent are worried about not having enough money and 30 percent worry about being in debt in the future. The poll also found that 77 percent of kids want to attend a university in the future, but half of them worried about getting a job later in life even if they get a degree.

Most of the kids polled (95 percent) said is important to learn to manage their money. Topping the list of the things they are most interested in learning about are: household bills, budgeting, saving, and the cost of having their own house of apartment, among other things.

Parents can teach children

Kids want to learn about handling money, avoiding [2] credit card debt and other financial information. Much of what they will learn about handling money is likely to come from watching their parents. So if you are a parent and have a lot of credit card debt and other bills, it’s a good idea to start making some changes in your own financial behavior. Getting [3] help with debt can allow you to form better financial habits that can be passed on to your kids.

If you aren’t sure where to start, it may be wise to find a reputable debt counseling firm. Finding debt solutions now can help you avoid even bigger problems down the line and put the steps in place for your kids to have a brighter financial future. As you work through your financial difficulties be open with your kids about your efforts to manage money more wisely.

Article printed from DebtHelp.com Blog: http://www.debthelp.com/blog

URL to article: http://www.debthelp.com/blog/2011/07/14/poll-kids-worry-about-having-enough-money-too-much-debt/

URLs in this post:
[1] Personal Finance Education Group: http://www.pfeg.org/about_pfeg/our_news/news/news_release_mmw.html
[2] credit card debt: http://www.debthelp.com/blog/2011/06/11/5-warning-signs-that-you-need-help-with-debt/
[3] help with debt: http://www.debthelp.com/blog/2011/06/11/5-warning-signs-that-you-need-help-with-debt/