An independent group of cross-sector leaders have published key recommendations to address the urgent financial wellbeing of 16- to 24-year-olds facing severe implications of the Covid-19 pandemic.
The Challenge Group: Financial Foundations, chaired by Ndidi Okezie, chief executive of UK Youth, says its long-term national goal is to ensure that two million more children and young people can receive meaningful financial education.
Latest government statistics show that 581,000 16- to 24-year-olds were unemployed between June and August this year - an increase of 35,000 from the previous quarter.
Young people are two-and-a-half times more likely than people in older age groups to work in a sector hit by Covid-19, UK Youth said.
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