Parents often want to shield children, avoiding conversations about difficult situations. This is understandable, but silence can create space for worries to grow. Young people may be left to imagine worst-case scenarios, while feeling they can’t share those concerns with you. Even if you don’t feel you have answers or know the full picture on how this developing situation will affect your family, it’s still better to say something than nothing.
Support for when you need it most: videos, articles, activities, and expert insight to help your family tackle money worries and mental health matters.
Meet the Expert Panel
Young Minds Charity conducted research in August 2022, before the recent fuel cost and interest rate rise:
The cost of living was the major worry for over half (56%) of young people (rising from 50% in May 2022). They reported disruption to daily life, particularly their diet and sleep.
Those aged 20-25 were particularly likely to feel concerned about money, with 80% always or often worried about earning enough.
This isn’t confined to older children: 21% of 11-year-olds said money worries had caused them stress, anxiety, unhappiness, or anger.