Among the 2,700 young people from ethnic minorities surveyed, just under a quarter say they are struggling to pay for day to items and services.
In addition, two in five say they continue to face mental health challenges due to the Covid-19 pandemic.
Among school leavers more than one in ten have had to take jobs with less opportunity for career progression due to financial concerns.
Meanwhile, just under one in five say their grades have suffered due to issues around money and mental health.
The survey has been commission by Young Futures Foundation, which warns that “the negative impacts of the cost-of-living crisis are more pronounced among non-white groups, particularly those who are Asian, black or from multiple ethnic backgrounds”.
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