How 14 - 16 year olds are affected

As Britain is now officially in recession the Credit Crunch affects more and more people, including 14-16 year olds.

A group of year 9's from Skinner Company School for Girls asked people on the streets of Stamford Hill for their views of the Credit Crunch. Most agreed that the Credit Crunch was a bad thing. One lady explained that she wasn't spending as much on her children because the Credit Crunch was too much for her to handle.

Martin Shankleman, a BBC Business Correspondent, agreed that the Credit Crunch was a bad problem and had some advice for 14-16 year olds. He said that teenagers should concentrate on their lessons and finish school so that they can get an good job which they enjoy and which will earn them some money.

Martin also admitted that he was still was supporting his children even though they were both grown ups.

Credit Union Manager, Mick McAteer, said that teenagers should get together with their parents and make a budget plan which means they will also be getting some money.