Money makes the world go round…

Money, cash, wonga. Whatever phrase you choose, it affects us all on a near daily basis – and with the current (and persistent) economic downturn, how you handle your finances is more important than ever.

Working in the personal finance industry cultivates a certain understanding of financial jargon and knowledge of what – and what not – to do to raise cash. But what about the average 20 year old? How good is their knowledge of pensions? When do they envisage owning their own property, if ever? And where do they turn to make ends meet – a bank, a payday loan site, the black market?

Spurred into action by personal experiences and stories from friends and family, MRM has decided to delve deeper into young people’s attitudes to money. We’re working with independent research partners to delve into key areas in order to gain a better understanding of the average twenty-something’s view of money, not only to raise awareness of the problems out there, but to help find a way to solve them.

We’d love to hear your thoughts – perhaps you have some tales that you’d like to share? Or want to give advice to young people who find themselves in financial turmoil? Or maybe you’d just be interested in hearing about our findings? If so, please feel free to tweet us @TweetsizedMRM or drop us an email on cat.ommanney @mrm-london.com

We’ll keep you posted with our findings so watch this space!