New FSA website for young adults

Published 03rd Jun 2008

The Financial Services Authority (FSA), the UK's main financial regulator, has launched a new information website aimed at young adults.

Described as a "one-stop shop" for information about money, it aims to give guidance about obtaining, saving and spending money.

The FSA said its research had shown that two-thirds of young people were not planning ahead financially.

Other research has shown that 80% of people are in debt by the age of 21.

"The What About Money website has been designed with the help of young adults, specifically for young adults, and focuses on the money issues that they themselves have told us they are most interested in," said Chris Pond, the FSA's director for financial capability.

"What About Money will ultimately help younger people to become more financially capable, both now and when they plan for what they want in the future," he added.

Similar financial advice targeted at this age group is already available from two other websites run by the charities Citizens Advice and YouthNet.

About 30 different factsheets can be downloaded from the Citizens Advice website, while YouthNet's, called The Site, also gives financial information.

Source: ' BBC '

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