Investment Life and Pensions Moneyfacts: The chains that bind our youth This article was originally commissioned for Investment Life & Pensions Moneyfacts Magazine. Tom Murray reflects on the growing need to ensure that young people are financially competent. "Good habits formed at youth make all the difference.” This famous quotation from Aristotle has stood the test of time. Few will query its application to living a good life and proper financial planning is clearly an important component of a good life. So how are we doing in terms of ensuring that our young people are financially competent and enabled to enhance their life and cleverly use their assets throughout it?