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09/05/2011
Teens 'Expect Home Ownership Early'
Young people believe they will be able to own their own home by the age of 25, a survey has found.
Despite the recession 62% of Scottish youngsters, aged 12 to 19, surveyed for the Royal Bank of Scotland panel said they expected to be able to buy their first home by the age of 25.
According to the MoneySense research young people surveyed expected to earn on average £15,756 when first out of education, £33,769 at 25 and 35 £54,355 on average.
Around 1,300 Scottish youth took part in the surveyed which was commissioned by RBS in 2007.
The study also found 60% of teenagers in Scotland received pocket money, they spend £40.60 on average each month on clothes and shoes plus 18% had a part-time job.
Around 24% of youngsters think they will get into debt in the future with 20% worried about their finances.
Jennifer Somerville, RBS's regional MoneySense manager for Scotland, said: "This year's results show that local teens are taking a real interest in their money, but it is clear there's a growing gap between young people's expectations and reality, that's why it's so important that we equip them with the knowledge and skills to make considered financial decisions for their future.
"RBS has been a solid supporter of financial education in schools for the last 17 years, investing time and resources into teaching younger generations how to manage their money."
(GK/KMcA)
Despite the recession 62% of Scottish youngsters, aged 12 to 19, surveyed for the Royal Bank of Scotland panel said they expected to be able to buy their first home by the age of 25.
According to the MoneySense research young people surveyed expected to earn on average £15,756 when first out of education, £33,769 at 25 and 35 £54,355 on average.
Around 1,300 Scottish youth took part in the surveyed which was commissioned by RBS in 2007.
The study also found 60% of teenagers in Scotland received pocket money, they spend £40.60 on average each month on clothes and shoes plus 18% had a part-time job.
Around 24% of youngsters think they will get into debt in the future with 20% worried about their finances.
Jennifer Somerville, RBS's regional MoneySense manager for Scotland, said: "This year's results show that local teens are taking a real interest in their money, but it is clear there's a growing gap between young people's expectations and reality, that's why it's so important that we equip them with the knowledge and skills to make considered financial decisions for their future.
"RBS has been a solid supporter of financial education in schools for the last 17 years, investing time and resources into teaching younger generations how to manage their money."
(GK/KMcA)
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11 April 2014
Scotland Yes Vote Could Mean UK Credit Review
A yes vote in the Scottish independence referendum could see the UK's return to triple A credit status, according to a report of the ratings agency Fitch. Fitch suggested there would be a “one off” increase in the UK's debt if Scotland do not remain with financial institutions relocating in London, the bank debt exposure could raise.
Scotland Yes Vote Could Mean UK Credit Review
A yes vote in the Scottish independence referendum could see the UK's return to triple A credit status, according to a report of the ratings agency Fitch. Fitch suggested there would be a “one off” increase in the UK's debt if Scotland do not remain with financial institutions relocating in London, the bank debt exposure could raise.
03 October 2013
Emergency Text Service To Be Tested
A pilot scheme of a new emergency text message alert system is underway in Glasgow. From 2pm this afternoon, O2 customers will receive three messages as a test of the system. It is understood that the texts will make clear that it is just a test and that they are part of a trial.
Emergency Text Service To Be Tested
A pilot scheme of a new emergency text message alert system is underway in Glasgow. From 2pm this afternoon, O2 customers will receive three messages as a test of the system. It is understood that the texts will make clear that it is just a test and that they are part of a trial.
08 November 2012
Met Police Celebrate Youth Engagement
Metropolitan Police Service cadets from across the capital have written and starred in a film aimed at young Londoners.
Met Police Celebrate Youth Engagement
Metropolitan Police Service cadets from across the capital have written and starred in a film aimed at young Londoners.
11 October 2011
GPs 'Dig In' Against Reforms As Debate Looms
GPs have continued their opposition of the sweeping reforms to the NHS proposed by the Government as a crucial House of Lords debate on the issue begins on Tuesday morning. A survey published just ahead of the debate found that most GPs think the Health and Social Care Bill should be withdrawn.
GPs 'Dig In' Against Reforms As Debate Looms
GPs have continued their opposition of the sweeping reforms to the NHS proposed by the Government as a crucial House of Lords debate on the issue begins on Tuesday morning. A survey published just ahead of the debate found that most GPs think the Health and Social Care Bill should be withdrawn.
05 January 2009
Patients To Have Say On Improving GP Services
More than five million patients in England are being asked for their views on how to improve family doctor services in a new survey launched by the Government today. Results from the national survey will be used to drive changes to GP services and rewards for GPs who provide fast, convenient services.
Patients To Have Say On Improving GP Services
More than five million patients in England are being asked for their views on how to improve family doctor services in a new survey launched by the Government today. Results from the national survey will be used to drive changes to GP services and rewards for GPs who provide fast, convenient services.
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Northern Ireland WeatherToday:A chilly start with a widespread frost and some freezing fog, any freezing fog slow to clear. Otherwise bright with sunny spells and coastal showers. Light winds. Maximum temperature 6 °C.Tonight:Coastal showers dying out with a widespread frost developing along with freezing fog, which could become extensive. Winds remaining light. Minimum temperature -3 °C.
