Young adults should start thinking about investing for their future as soon as they get their first part-time job, it has been argued.
This is because those who get into good financial habits early in life may be less likely fall into the red as they get older, moneydebtandcredit.com reports.
The Personal Finance Education Group (PFEG) has insisted that saving while working part-time at school will help youngsters to build up some emergency funds for the future.
According to Wendy von den Hende, chief executive of the education charity, the economic downturn should act as a "wake-up call" for teens.
"I think for young people it's very important that they look at their situation as a whole," she told the news provider.
"The more they can save up from an early age the better; it's about getting into a habit."
This follows a report by Scottish Widows which found that almost one in ten adults have given or lent an average of £8,250 to their parents.
Youngsters urged to invest in their future
Youngsters urged to invest in their future
Tue, 24 Aug 2010
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