Children and Young People Living in Low-income Households and Their Financial Education

Findings from the report by MaPS, 2022 Children and Young People’s Financial Wellbeing Survey, highlighted that children and young people living in low-income households are significantly less likely to have the foundations of good financial wellbeing, compared to their peers in higher-income households.

They conducted further research in order to contextualise this finding and to better understand:

• The experiences of children and young people in low-income households in relation to money.
• How to best support the development of their financial capability and where there are opportunities and barriers for their financial education.
• What young people, parents and practitioners working with them think are key touchpoints for financial education interventions and how these interventions might best meet their needs.

This research aligns with MaPS Strategic Plan 2025-28, which sets out their commitment to ensure that our services are available to those most in need.

Read more and download the report.