Teenagers 'laid-back' about debt

More than half of all schoolchildren have been in debt by the time they reached 17, an education charity says.

Research from The Personal Finance Education Group found a "worryingly laid-back" attitude towards debt and spending amongst teenagers.

About 90% of respondents said they worried about money, but tended to think of overdrafts and credit cards as easy ways to spend more than they earn.

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