Young People and Money Anxiety
Money Box
BBC
4.2 • 825 Ratings
🗓️ 27 April 2022
⏱️ 30 minutes
🧾️ Download transcript
Summary
The cost of living crisis is fuelling valid fears about personal and household finances - but what happens when money anxiety gets out of control? Many young people worry about their own and their family's finances, but what can they do to conquer the fear? We hear from Iona Bain, musician turned financial author who specialises in millennial personal finance. She founded Young Money Blog after suffering with money anxiety herself. And we also hear from Sharon Davies, CEO of Young Enterprise, the national charity providing enterprise and financial education to young people up to the age of 24.
Presenter: Bukiie Smart Producers: Paul Waters, Maggie Latham & Drew Miller Hyndman Production Coordinator: Janet Staples Editor: Emma Rippon
Transcript
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| 0:00.0 | On a winter's night in 1974, a crime took place that would obsess the nation. |
| 0:07.0 | It was an extraordinary news story. |
| 0:09.0 | The story of an aristocrat, Lord Lucan, who's said to have killed the family Nanny, |
| 0:14.0 | mistaking her for his wife, then somehow just disappeared. |
| 0:18.0 | One of the great mysteries in English criminal history. We're still looking for |
| 0:21.7 | Lucan. It's honestly one of the most powerful stories of my lifetime. I'm Alex Fontunzelman. This is |
| 0:27.8 | the Lucan obsession. Listen on BBC Sounds. BBC Sounds, music, radio, podcasts. Hello, and welcome to This Moneybox Live podcast. I'm Booky Smart and we're talking about |
| 0:41.3 | young people and money anxiety. A staggering 81% of young people feel anxious about money and finance. |
| 0:49.0 | That's according to the latest young person's money index from the London Institute of Banking and Finance. |
| 0:54.9 | A lot of children try to hide their worries, but when it comes to money, just how anxious |
| 0:59.7 | are young people. We'd love to hear from you on Moneybox. Email us at Moneybox.bocs. |
| 1:04.2 | Email us at Moneybox.bc.c.combeck and include a phone number if you'd like to come on air. |
| 1:09.2 | And you can tweet us at MoneyBox. |
| 1:11.7 | We'd also love to hear from you if you're a parent, |
| 1:14.2 | grandparents or guardian if this is something you've experienced. |
| 1:17.9 | Today on Moneybox Live, we're talking about money anxiety in young people. |
| 1:22.3 | We have experts on hand to answer your questions, |
| 1:25.3 | but first, let's hear from Misha, who got in touch with me on |
| 1:28.4 | Instagram. Hi, Misha. Hi. Thank you for coming on the show. You've told me about how your |
| 1:35.1 | employer accidentally overpaid you over the last two years and is now recovering it from your |
| 1:39.5 | wages, meaning your pay has dropped just as prices are going up. Tell me about how you're coping. |
| 1:46.8 | At the moment, how can I say, I'm coping by kind of letting myself fulfill my anxiety and kind |
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