New FSA website targets debt generation

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The FSA has today launched a new website billed as a "one-stop-money-information shop" for young adults.

The website (http://www.whataboutmoney.info/) forms part of the regulator's National Strategy for Financial Capability and follows its own research, which found more than two-thirds of young people are not planning ahead and external findings revealing that 80pc of young people are in debt by the age of 21. The site has been developed in partnership with YouthNet - a charity with expertise in communicating with this age group - and aims to guide and inform as well as provide an aid to breaking down the barriers which may be preventing young adults from considering and learning more about...

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