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Empowering Young People: Breaking the Debt Cycle with Financial Education

Discover the alarming statistics of young people in debt and the impact on mental health. Learn about MyBnk, a London educational charity creating programs to teach money management skills. Get involved in Money Works, a financial education program for 16-24-year-olds. Decode money lingo and empower young people to make wise financial choices. Help shape a better future for the next generation. Contact Sharan Jaswal at sharan@mybnk.org for more information.

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Empowering Young People: Breaking the Debt Cycle with Financial Education

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  1. Young people and money? • 77% of young people are in debt by the time they're 21, a figure that rises to 85% amongst the homeless • 68% of 16 to 24-year-olds had been encouraged to take out credit they did not want or could not afford • 48% of 16 to 24-year-olds ranked debt as their biggest fear for the future • A quarter of 16 to 24-year-olds have suffered mental health problems because of their finances

  2. “There has never been a more important time to support young people to participate in education and training beyond 16” Beverley Hughes, Young People's Minister quoted by the Guardian Education 26 March 2009

  3. What is MyBnk? We are a London based educational charity working with young people to build the knowledge, skills and confidence to manage their money effectively and make enterprising choices throughout their lives.

  4. My life…..

  5. What is Money Works? An exciting financial education programme designed for young people aged 16-24. It is designed to empower young people to feel confident about their money, as well as well as providing essential money management skills.

  6. Money Lingo! Dosh Paper Dollar Loot Cheddar Wonga Dough Scrilla P’s Moolah

  7. Can you afford not to involve your young people? For further information, please come and talk to me! SharanJaswal sharan@mybnk.org 020 7739 1828 www.mybnk.org

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