Press release: One in six young adults admits their debt has ‘spiralled out of control’

**16 September 2014 **

Young people are making money mistakes in their first years of adulthood - which impact their lives for years to come according to the Money Advice Service. The research, among adults in their twenties, revealed that three-quarters (72%) admitted to money mistakes in their first years of financial independence which they now regret. The findings come as the Money Advice Service releases a new report entitled ‘It’s time to talk: young people and money regrets’ which investigates poor financial decisions many have made in the first years of adulthood.