As we established in our last blog entry (It’s a matter of life and debt…) debt amongst youth is at an all time high (or is that low?). If you are inclined to believe the media the reason for the red is the environment we have grown up in, a world where being significantly in debt is accepted as the norm. Yes, this is a good point and was very relevant a couple of years ago, however Tech Tribe tells us that this attitude is beginning to change, 60% of our Tech Tribe respondents disagree that “debt is fine because everyone else is in it too”.

We are going to kick off Youth Lab by sharing some of the research we have been doing on the all encompassing topic of… the recession. It seems on the surface the general thinking is that just because people are in full time education they won’t be affected by the current economic crisis. I mean students are protected right? They have doting parents, living at home, or in halls, and you can’t exactly get made redundant from school or uni can you? It is an easy assumption to make that the safety net of full time education saves you from ‘real life’ problems however Face’s recent Tech Tribe research results say something different.