The MoneySense Research Panel also found 24 per cent of the 12- to 19-year-olds questioned anticipate getting into debt in the future and 20 per cent worry about their finances.
In total, 62 per cent of 1,300 young people in Scotland surveyed say
they expect to be able to buy their first home by the age of 25 and 86 per cent expect to by the age of 30.
Some 60 per cent of teenagers in Scotland receive pocket money and 18 per cent have a part-time job. Teenagers in Scotland spend £40.60 on average each month on clothes and shoes, according to the study, commissioned by RBS.Jennifer Somerville, RBS's regional MoneySense manager for Scotland, said: "It is clear there's a growing gap between young people's expectations and reality, that's why it's so important that we equip them with the knowledge and skills to make considered financial decisions for their future."
The survey, part of a five-year project which started in 2007 to offer free, independent advice on money issues, also said teenagers in Glasgow are more likely to receive pocket money each month than those in Edinburgh - 63 per cent against 56 per cent - and teenagers in Edinburgh are more likely to have a part-time job than those in Glasgow (43 per cent against 10 per cent).
Young people surveyed in Scotland also expect to earn on average £15,756.37 when first out of education; at 25 they expect to earn on average £33,769.63 and at 35 they expect to earn on average £54,355.40.
In total, 5,530 students in Scotland have been questioned in the annual survey for RBS since it started in 2007.
Source http://news.scotsman.com/
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