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Youth services: Workers gain from financial training

1 min read

The courses are designed to help youth workers inform young people about basic financial literacy.

The FSA developed the schemes this summer in conjunction with three youth charities after growing increasingly concerned about how little education young people receive on money matters.

Its report, Helping young people make sense of money, which was published in March, found 62 per cent of young people said if they got into financial trouble they wouldn't be able to name any advice or support service they could turn to. Twenty-nine per cent said they wouldn't know how to manage a weekly budget.

National organisations Turning Point, NCH, Shaw Trust, Foyer, The Prince's Trust and seven local organisations agreed to put staff on the courses.

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