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Teenagers are far more responsible with money than parents think
(30/05/2008)

A report for The Children's Mutual suggests that Britain's teenagers are far more responsible with money than parents think. While many parents say their offspring would blow a lump sum on turning 18, the youngsters are actually more likely to save than to spend, spend, spend. According to research released by The Children's Mutual to coincide with the third anniversary of the Child Trust Fund (CTF), youngsters given £20,000 at 18 are most likely to save it (57 per cent), with spending on e... [more]

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