According to recent research by one of the UK’s premier independent market analysis firms, astonishingly large numbers of Britain’s youth are said to be completely oblivious to there mounting debt dilemmas.

It has been discovered that almost half of all 19 – 25 year olds actively admit to being unable to guesstimate their creditor commitments, to the nearest £400 worth of debt. The news officially marks our younger generations as being the most irresponsible demographic when it comes to issues of personal finances. 

A representative from the research firm suggested that the results further support the argument for the introduction of debt lessons into schools. It is also fairly obvious that the UK’s younger demographic have little to no interest in saving their cash and/or budgeting for the future.

One expert also suggested that today’s consumer appears to accept debt as a way of life, and many people are actually setting themselves debt thresholds for the running of their day-to-day lives. In essence, we no longer budget around our earnings, opting instead to use credit as our ultimate financial boundary.