Children affected by credit crunch
A survey commissioned by Sainsbury’s has shown that a third of ten to 11 year olds are worried about the credit crunch, reports the Scotsman. A growing number of primary school children are asking to talk to counsellors about money worries, having picked up on the anxiety of their parents and families and through the media.
Children are worried that parents will lose their jobs, resulting in moving house and there not being enough money to go round, with the child taking on more of an adult role in the family.
Rebecca Quinn, who works in schools in some of Edinburgh’s most deprived communities says: “Even young children have picked up on parents’ financial concerns, but the problem appears to have been magnified by the credit crunch”, added Miss Quinn. “Parents would be surprised by how much children worry about this kind of thing.”
