|
|
|
For Students though, financial difficulty was the reason that 34% of them quoted would make them consider dropping out of courses. The average student debt on graduation is now thought to be over 13,000. Looking back over the past 4 years the rate of bankruptcy in this age group has grown from 7.9% to 18.7%. The FSA (Financial Services Authority) recently commissioned a report into the area and found that of all 16-24 year olds, almost 30% said they wouldnt know how to budget their weekly finances. Almost two-thirds of them wouldnt know the organisations they could go to for help if they got into financial difficulties and only half of all 16 year olds had been taught how to manage money. Credit cards are just as much an issue for this age group as for any other, with almost 60% admitting that they go over budget when they use debit or credit cards. Finally another figure from the Consumer Credit Counselling Service last year the level of debt is slightly higher for young males than females, but the females have the higher number of individual debts. |
加入最爱