Dutch teenagers have cash problems

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Two third of young people who took part in a Radboud University’s research confessed they have difficulty managing money.

30 October 2008

THE NETHERLANDS - Research conducted by Radboud University in the Netherlands has concluded that young people find it difficult to handle money.

Two thirds of young people appear to have problems managing their money. Almost half say their parents have not taught them enough about the value of money, or about the choice between saving and spending. Young people with the fewest problems are those with the strictest parents.

The researchers say that 12-years-olds are now more influenced by advertising and peer pressure than by their parents.

Almost a third of young people have been in debt, often as a result of gambling or shopping on the internet.

[Radio Netherlands / Expatica]

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