10.28.09
By Lewis Green
Despite what some people might think, a new survey shows that young people are not totally tuned out when it comes to
debt and their financial future.
The poll from the AARP's LifeTurner program, which interviewed about 1,000 people aged 18 to 34, showed that 57 percent of respondents felt as though their finances were the top concern in their lives. Furthermore, 66 percent of those polled rated their financial situation as fair to poor.
Debt, including
credit card debt, is also a concern for the young people polled. Almost 80 percent of the survey's respondents said they had some form of debt. Credit card debt was the most common form, coming in at 36 percent.
As the economy continues to put people in a difficult spot regarding debt management, young people who are having a harder time than the general population when it comes to finding a job. According to the BusinessWeek, which cited statistics from the government, the unemployment rate for those aged 16 to 24 is 18.2 percent, which is up from 13 percent last year.
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