Most young people believe investments and pensions are not relevant to their own financial position, and are instead aimed at "older people" according to research conducted by the FSA.
A study of 15-19 year-olds across the UK, commissioned by the FSA, suggests there are four main categories of young people when it comes to managing their own finances: conservative, hedonistic, mixed and aspirers (See table at the bottom of the story for more details of individual characteristics). However, only 11% of those questioned said getting a pension was something they would eventually acquire. At least 60% of those questioned by the NOP Research Group sessions said they hope to buy a home in the future while at least 20% hope to have no debts or to save regularly. At the sam...
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