Young people: avoiding banking exclusion

Whilst most young people in Britain hold a current account, a sizeable minority do not. By summarising the findings of a wide range of research, this paper considers factors affecting the risk of banking exclusion for those young people who do not begin to interact with financial services at an early age. It also looks at the extent to which young people are putting themselves at risk of future exclusion through over borrowing. Some current initiatives to reduce financial exclusion amongst this group of people are discussed. The focus of the research is Britain, but the implications have resonance across many nations.

Young people: avoiding banking exclusion (PDF, 262kB)

Further information

This paper was produced for the WSBI Access to Finance International Conference, held in Brussels on 28-29 October 2004.