Most teens told about dwindling finances

Nearly 75% of teenagers say their parents have spoken to them about the families’ dwindling finances in the past year.

And nine out of 10 teenagers believe their family has been affected by the recession — with 44% saying their family has been seriously affected by the recession.

The results form part of a survey undertaken by the Irish League of Credit Unions (ILCU) and Youth Work Ireland to examine teen’s attitudes to finances. It also showed 90% of the teens wanted to go on to third-level education but 80% of them worried about the costs associated with it.