Money’s too tight to mention for young Scots

By Rory Reynolds

YOUNG Scots have been hit harder by the recession than any other group in the UK, according to new research.

Four out of five Scots aged between 20 and 29 have been forced to change their lifestyles dramatically due the credit crunch.

And 87 per cent have changed their attitude to money as bankruptcy and home repossessions have soared.

Clydesdale Bank found that almost half of Scots in their 20s now save for bigger purchases rather than using credit and over one third now put aside whatever they can every month – for fear that the recession will deepen.