Attitudes to earning, spending and saving money 1983-2004
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A report from the Schools Health Education Unit, written using data from the Health Related Behaviour Questionnaire surveys. The report uses a sample of 370,049 young people between the ages of 12-15 from across the UK.
When looking over the figures since 1983 we find that, in recent years, young people are more likely to...
- put money into savings schemes, with around 35% of males compared to around 30% of females report saving money. 12-13 year old males consistently report more interest and 14-15 year old females least interest in saving money
Trends in Savings 1993-2004
Young people and putting money into a saving scheme
- spend more: up to 45% of 14-15 year olds (2003) report spending more than £10 'last week'. In 2004, 10% of 14-15 year old males spent more than £40 'last week'
- spend more on recorded music, clothes and footwear, computer games and fast foods. In 2004 -
12-13 year old females: clothes/footwear and recorded music, 12-13 year old males: computer games
and 14-15 year olds males: fast food
We also find that young people in recent years are less likely to...
- have a regular, paid term-time job - around 37% of 14-15 year olds in the last few years compared to over 40% in the 1980s and early 1990s
have worked more than 5 hours in the 'previous week' - around 40% of 14-15 year olds in the last few years compared to around 50% in the late 1980s and early 1990s
spend money on sweets and chocolates
We also find little change in the numbers of young people who.
- carry out paid work baby sitting or a paper round
- spend money on cigarettes, alcohol, cosmetics and toiletries
For comments on this report contact
Dr David Regis Research Manager