Research reveals that Gen Z is worried about more than one-third of its finances every day.

A survey shows that among young people aged 18 to 21, 35% of young people are worried about their financial situation every day.

But only 20% are interested in studying debt management. About 93% of people are usually worried about money, while only 30% say they learn about student loans at school.

According to a Savanta poll of 2,000 British people in Santander, UK, 12% have been taught that people are involved in personal loans and 21% have recalled learning about credit cards.

A separate study published by Stepchange Debt Charity in November last year showed that compared with all Stepchange customers, their income was 28% lower, equivalent to £490 per month.

“Debt is an important part of most people’s daily finances. Borrowing money allows people to buy a home, get a higher education and make a lot of purchases. But people know that the right trade-offs of risks and returns are crucial,” said Mark Weston, the bank’s financial support director.

Many banks and construction societies have tools on their websites to help those with finances and budgets, while Santander UK has free financial health checks and budget calculator tools.

A separate study published by Stepchange Debt Charity in November showed that compared with all Stepchange customers, earning 28% lower than their income aged 18 to 24, equivalent to £490 less per month

Budget and debt assistance can also be obtained by visiting sites such as government-backed MoneyHelper services and comparison sites belonging to charities.

People can also contact lenders to discuss their options if they are worried about debt struggles. Getting help early may mean potential options that can resolve any problem.

Savanta surveyed more than 2,000 children aged 18 to 21 throughout the UK in October and November 2024.