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Support us to deliver meaningful financial education to young people aged 7-25 across the UK. MyBnk deliver a suite of financial education programmes, designed in conjunction with the young people we support, with the aim of empowering young people to overcome financial obstacles, and thrive.
Categories
Beneficiaries
Situation
Young people today face unprecedented challenges. Over 50% of young people worry they will never be financially stable (Prince's Trust Youth Index, 2017). Nearly half of those aged 18-24 are unable to cover an unexpected bill of £500 (MAS, 2016). This same age group also have average unsecured debts of £1,460 and are the UK’s fastest growing group of debtors. For those living in vulnerable circumstances, poor money management can lead to debt, eviction, homelessness and crime.
Solution
Providing young people with the skills, knowledge and confidence to make informed financial decisions empowers them to take greater control over their lives and to reach their potential. We work both with those transitioning to independent living and in need of survival money skills, as well as with those still in school settings, where early behavioural and subsequent preventative training provide a foundation of skills, knowledge and confidence for their short and long term futures.
