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FSA launches money website for young adults

The FSA has launched a new website offering financial information for young adults as part of its National Strategy for Financial Capability.

The website, www.whataboutmoney.info, has been developed to guide and inform young adults and to break down the barriers preventing them from learning more about money matters.

The FSA says research shows that more than two-thirds of young people are not planning ahead and 80 per cent of young people are in debt by the age of 21.

The watchdog says in building the website it engaged with young adults and asked them what information they want, how they want it provided, and who they want it from.

FSA director for financial capability Chris Pond says: “The young adults we worked with told us that a website would be the best way for us to reach those who most need the information and tools that ‘what about money’ provides.

“We want to help young adults feel more confident about managing their money and help ensure they believe that money is something they ‘can do’. It is another important milestone for the FSA’s National Strategy for Financial Capability which aims to find ways to improve the nation’s understanding of personal finance.”

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