FSA launches money guidance website for young peopleA new website has been launched by the Financial Services Authority (FSA) which offers financial information for young adults.

”FSA

A new website has been launched by the Financial Services Authority (FSA) which offers financial information for young adults.

The website, www.whataboutmoney.info, has been designed to give guidance about obtaining, saving and spending money.

Research by the FSA has established that two-thirds of young people are not planning ahead and 80% of young people are in debt by the age of 21.

The financial watchdog consulted with young adults when developing the website and asked them what information they want, how they want it provided, and who they want it from.

Chris Pond, the FSA’s director for financial capability, said the What About Money website has been designed with the help of young adults, specifically for young adults, and focuses on the money issues that they themselves have told us they are most interested in.

The new website will help younger people become more financially capable, both now and when they plan for what they want in the future, added Mr Pond.

The move follows the Government’s proposals for more personal finance lessons in schools.

A spokesperson for the Department for Children, Schools and Families, said from this year children will be taught how to open a bank account, understand basic financial concepts like interest rates and learn important skills to plan for their financial future as part of an £11.5 million boost to personal finance education.

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