Bills go unpaid as tight times hit young Kiwis

NZ Herald, 8 May
The deteriorating credit habits of Generation Y - 18 to 28-year-olds - has resulted in a 15 per cent rise since 2003 in those not paying their credit card bill, a new report reveals. But Generation X - aged 28 to 43 - still leads in not paying the bills. Figures from New Zealand's largest credit information provider, Veda Advantage, also show that total defaults are up 11 per cent from the March quarter last year. more...

There are some interesting observations and statistics here about the financial habits of young people, which also reflect the way in which they view and approach life. I wonder how different are the habits of young people in our youth ministry particularly given the Bible's warnings about borrowing and the need to honour God with our money? Perhaps what we see is worse than financial mismanagement - is it just plain wrong? A good discussion starter...