Report: Young people’s wellbeing and personal finance: 2013-14

This report from the ONS, published in May 2016, looks at the financial wellbeing of young people in the UK to assess how those across the spectrum – from students to those already in employment – feel about their financial standing.

Key findings:

Around 8% of young people (aged 16 to 24 years) in the UK were finding it difficult or very difficult to get by financially in 2013 to 2014, down from 15% in 2009 to 2010.
Young people who were students in 2013 to 2014 were least likely to be dissatisfied with their household income (22%), but most likely to consider they will be worse off financially in the future (13%).
Young people in the South West of England were more likely to report a better current financial situation but also more likely to be pessimistic about their future financial situation.
Three-quarters (75%) of students and young people who were working said they were comfortable financially

Download the report Young people’s well-being and personal finance: 2013-14