The ONS report on Young People's Wellbeing shows that it's not all bad news with a 7% increase in financial wellbeing  in 16 to 24 year olds in 2013/14 compared to 2009/10.

Whilst some of this improvement is no doubt tied to a decrease in unemployment in the same period, it is also testament to the efforts of employers in establishing good financial wellbeing habits for those joining their workplaces.

Financial education aimed at new joiners can have a significant impact on their financial wellbeing immediately in their early career and in establishing those good practices to carry with them throughout their career.