As we recover from the pandemic and try to navigate a cost-of-living crisis, money is on our minds more than ever. And for many of us, financial stress can have a negative impact on our mental health. But rather than talking about these issues, many of us bottle them up inside, with 55% UK adults uncomfortable talking about money.
This week (7th-11th November) is Talk Money Week, which does exactly what it says on the tin. Organised by the Money and Pensions Service, it encourages us all to have open conversations about managing money, from pocket money to pensions.
Research shows that people who talk about money:
- Are less likely to make risky, impulsive financial decisions.
- Have stronger personal relationships.
- Feel less anxious or stressed but more in control overall.
At MyBnk, we believe conversations about money should happen from an early age. Each year we deliver financial education to tens of thousands of young people aged 5-25 across the UK.
This Talk Money Week, we’re starting money conversations with over 2,000 young people, in partnership with schools, youth organisations and funders.
We have new free Talk Money Week resources for primary and secondary age available on our website and will also be posting content on social media throughout the week (including our official launch on TikTok!), making financial education accessible even on the go.
So, what are we waiting for? Let’s get children and young people talking about money and improve their financial futures!