1. When the Financial Services Authority (FSA) researched what 18- to 24-year-olds know about money, the findings were pretty alarming. It found "a very low level of financial knowledge and extremely low levels of engagement with financial information". So are financial awareness programmes for that group any good, especially for young adults not in employment, education or training? Er, no. Patchy and sporadic, says the FSA.
2. Youth workers are unlikely to have the confidence to help build "financial capability" unless they've had some form of specialist training. Money is complex. If it wasn't, most of the population wouldn't be struggling to make ends meet now. So get training, or use local experts from Citizen Advice Bureaux or money advice centres. A young person seriously in debt probably needs the skills of a debt adviser. Getting out of debt is a long, slow and complicated haul.
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