Cost of living impact on young people revealed

New insight into the impact of the cost crisis has revealed people as young as 11-years-old are worried about the effect rising prices are having on their parents.

Cost of living impact on young people revealed

Young Scot’s ‘How is the current cost of living affecting you?’ survey received over 1,000 responses from young people across Scotland. It covered topics such as heating homes, electricity use, access to food and mental health. They launched the insights project following direct feedback from young people who consistently, via the vote on a topic feature, asking them to feature information and support on the cost crisis and money management. It found that:

Over 70% of young people are concerned about the financial pressures on their parents, guardians or carers and the associated stress and impact on their mental and physical health.

Over 80% of young people said they had noticed a change in how their homes are heated, with 83% now more aware of how much electricity they use. Young people also highlighted the effect the increase in the cost of living is having on their health with over 50% reporting a negative impact on their mental health and 33% not currently feeling good about their physical health and wellbeing.

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Download the report.