CYP Now - Care leavers call for more support in managing finances

The majority of young people leaving care in the UK want more help managing their finances, according to a new survey.

Care leavers say they need more financial support from a younger age. Picture: MyBnk

Research by financial education charity, MyBnk, finds that 80 per cent of young care leavers want more help managing their finances, while 89 per cent have encountered challenges when trying to access financial education.

MyBnk highlights warnings that current care leavers are more likely to be unemployed, not in education, and at higher risk of homelessness compared with the overall youth population.

Katharine Sacks-Jones, chief executive of care charity, Become, is quoted in the report as saying it is "little wonder the statistics for young people leaving care are so grim – the links with homelessness, mental health and imprisonment are pronounced".

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