Young fret about families’ lack of cash

AROUND four in five (81%) children worry about their family not having enough money, a survey found.

The research also found nearly one in five (17%) youngsters worry a lot about their family having insufficient funds.

Some 2,000 young people aged six to their late teens were surveyed, along with 2,000 adults. As the cost of living surges, parents appear to be in tune with their children’s concerns. Just over four-fifths (82%) of parents believe their child worries about their family not having enough money.

The study was commissioned by children’s debit card and financial education app Gohenry.

Louise Hill, its co-founder, said: “While it can be a daunting subject to approach with kids, the current crisis provides a good opportunity to start conversations around money at home. Rather than shielding kids from financial issues, get them involved with small day-to-day decisions like checking receipts after your food shop or shopping around for better deals.”