Every year comes with a new set of big money issues or trends. Well, 2011 is no different except that our ongoing debt problem continues to loom over everyone and will play an unwelcome part in the way you try to address your big money issues.

Young people, for example, will have to cope with higher education costs, lower family earnings and the shortage of part and full-time jobs.

Young families with big debts are now looking at bigger taxes and a higher cost of living. The country’s deep financial difficulties will also impact on the public service worker and middle aged and older higher earners and professionals.