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Financial crisis has lowered children's wellbeing, finds Children's Society

Children's wellbeing has taken a significant blow as a direct result of the financial crisis, according to the latest report by The Children's Society.

How Happy are our Children found that young people whose family income has decreased in the past year are more than twice as likely to have low wellbeing than those whose family income has increased.

Through a series of surveys and a focus group between October 2010 and February 2011, 4,000 children and young people were questioned.

The biggest influences on respondents’ wellbeing were named as friends and family. The proportion of young people with low wellbeing was found to be higher in households where no adults were in full-time work at 16 per cent compared with 10 per cent of other children.

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