Poor financial wellbeing is one of the biggest causes of stress and anxiety that impacts overall mental health, wellbeing, and life satisfaction with reports that 46% of people in problem debt also have a mental health problem.¹ We know our money habits form around the age of seven which is why we are committed to empowering young people to manage their money well for life.
Through The Quilter Foundation’s partnership with leading financial education charity, MyBnk, we have been committed to the delivery of financial education to young people to help them develop the skills, knowledge and confidence to fully engage with their financial lives. Our funding supports the delivery of high-energy money workshops for young people aged 11-25 in London, Southampton and the Isle of Man.
We are also proud to be a founding supporter of The Centre for Financial Capability, a new charity launched this year with the mission for every primary aged child to receive an effective and high-quality financial education by 2030. The Centre for Financial Capability has been formed by supporters of KickStart Money, an award-winning coalition of savings and investment firms – including Quilter - who have donated over £1 million to fund the KickStart Money financial education programme, delivered by MyBnk, to over 20,000 primary pupils across the UK.
¹ Money Advice Service – 2018 Adult Financial Capability Survey