News 30 March 2009
New research into the 'Young People and Money' training gives compelling evidence that the programme is helping youth workers help 'NEET' young people with vital money matters support, helping them to reduce their debts, and get a job.
Publication coincides with the 'Right on the Money' conference on 30 March, which will for the first time bring together youth practitioners and policy-makers to consider how best to help young people achieve economic wellbeing. Young people will also be hosting workshops at the event. The FSA is hosting an evening reception to showcase work in the sector to help NEET' young people, many of whom may otherwise face a lifetime of unemployment and financial exclusion.
Youth workers said the free programme gave them the skills and confidence they needed to help young people with money matters: 83% now feel confident about engaging them in money matters, and 83% said they had made most impact in helping young people make the most of their money and plan ahead.
In turn, the young people reported they felt less stressed about money, were better able to keep track, reduce their debts, and possibly increase their chances of employment. They also started to save money, which for a group living almost entirely on benefits is no mean feat!
Read the headline results: Young People and Money [PDF]
And the full report: Evaluation of the Young People and Money Training for Youth Work Practitioners [PDF]