Inside money

Fear of debt

Death no longer heads the list of young people’s greatest fear. Under 25s are now far more terrified by debt.

Three years ago Youthnet surveyed young people asking what was their single greatest fear. Around 14 per cent answered death – their own or that of someone close to them. Around the same proportion said their greatest fear was financial insecurity and debt. The researchers were understandably struck by the powerful concern about money. “This could be a reflection of the current financial climate,” they observed.

Yeah, well it’s a lot worse now. Repeating the survey this summer Youthnet found that 24 per cent now list debt as their greatest fear. Death was singled out by only 4 per cent.

The online survey was completed by 1,101 respondents aged 16 to 25 living in the UK.

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