Young Britons are treating credit card charges and other forms of debt as a way of life, according to an industry expert. Justin Modray of financial advice website candidmoney.com, claimed that the younger generation still don't understand the importance of having a financial safety net. He said: "I fear far too many younger people still treat racking up debt as a way of life and the concept of building up a safety net or nest egg just isn't on their radar."And the minority who are concerned about having a safety net may well struggle to find sufficient spare income to accumulate one in these austere times."According to research by the Personal Finance Education Group, 62 per cent of 12-16-year-olds across England are worried about not having enough money in the future.The research also found that around a third (30 per cent) of young people in the UK worry about being in debt when they are older.Charles BakerCharles is a reputed financial analyst with almost decades of experience under his belt.
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