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Essay

Young Australians Should Be Educated About Good Financial Habits

Essay specific features

 

Issue:

Social Issues

 

Written by:

Karen J

 

Date added:

May 22, 2017

 

Level:

University

 

Grade:

B

 

No of pages / words:

4 / 955

 

Was viewed:

6504 times

 

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Essay content:

A survey taken by the Australian Institute of Health and Welfare shows that the average debt of young people in the age group of 15 to 17 years is $3,300, whereas the 18 to 24 years group experience an average debt of about $5,830. Financial burden faced by young people is mainly contributed by social pressures to keep up-to-date with changing trends in areas such as fashion and technology...
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Investments such as cars, university education and other large purchases also play a major role. The most common types of financial debt faced by young Australians include; phone bills (both mobile and home), car repayments and expenses, fines, credit card debt, personal loans, debt to family and friends, rent arrears, gambling and Centerlink debts...
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