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03-Jun-14, 11:50
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:

Nearly Half Of Teens Trust Banks More Than Parents On Finance




'Carrington Dean Teen Money Survey' highlights need for education on value of independent advice Key findings from 'Carrington Dean Teen Money Survey' 48% of teens trust banks more than their parents for financial advice One-third of 16 and 17 year olds name banks as 'most trusted' source of financial advice 64% of teens trust banks more than independent financial advisers 44% of teenagers struggle to understand bank statements 33% of teenagers believe that UK high street banks set UK base interest rates Almost half of teenagers trust banks more than their own parents for financial advice, according to the 'Carrington Dean Teen Money Survey' which found that the scandal-hit bank sector has retained teenagers' trust despite being repeatedly named by British adults as the UK's least-trusted industry. The online survey, which canvassed the views of 1,042 teenagers aged 15 to 17, was carried out independently by Carrington Dean, a Glasgow-based financial group that includes Scotland's largest independent debt solutions business, providing specialist advice on a range of financial issues to personal and corporate clients. [Read Full Article (http://www.caithness-business.co.uk/article.php?id=4989)]