Editorial comment: Debt is the focus of tomorrow's clients

Debt has become the centre of many young people's lives, thanks to the rising costs of higher education and buying property. The free assets that the government wants them to save are simply no longer there until they move unto their late 20s. More worryingly, both the industry and government does not seem to be addressing the fact that the 30-40 age group may be the last generation to hold today's savings and finance mentality, and that the younger generation are likely to need debt management before a pension. If the industry is keen to persuade consumers to save for the long-term, i...