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Young British consumers count debt problems as their greatest fear, according to a recent study.

Figures compiled on behalf of Tesco and the volunteering charity CSV have shown that money problems cause more concern among Britons aged between 16 and 25 than any other aspect of modern life.

In fact, debts were found to be the main worry for the future of 48 per cent of the 1,200 people polled for the Youth Future Fears survey by Ipsos Mori.

The research was carried out as part of the Agents4Change campaign and it established that debt management is a greater issue for young Britons than obesity, drug use or global warming.

"Young people have genuine fears for the future but they are not powerless to overcome them," said Sue Farrington, from Agents4Change.

A report recently from MoneyExpert.com indicated that the typical cost of borrowing in the UK has been rising throughout 2008.

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