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Digital Subscriptions > The Oban Times & Lochaber Times > 19th May 2016 > Building societies could help stem personal debt crisis, says new report

Building societies could help stem personal debt crisis, says new report

Britain’s building societies are well placed to help stem the nation's personal debt crisis at a grassroots level, with better financial education for young people, according to a new report by the charity, MyBnk.

The nationwide study found that while 59 per cent of societies are already helping young people learn how to bank and budget, a breakthrough could be made in developing long-term positive money habits with a central BSA vision, effective resources and youth sector collaboration.

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