Youth money ‘reality gap’ widening

Money expectations of young people are veering away from the reality of adult finances. Young people expect to buy a home by 25. The gap between young people's 'expectations and reality' of money is growing, according to a new study. Over 1,000 Scottish people between the ages of 12 and 19 were surveyed on their financial views by the Royal Bank of Scotland - more than half said they expect to be able to buy a home by the age of 25 despite the problems that many current first-time buyers are facing in the property market.