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Barclays and youth charity team up to help young people avoid debt fears

Barclays and youth charity team up to help young people avoid debt fears

Barclays and online youth charity YouthNet  have joined forces to support young people in the UK to build their financial skills, knowledge and confidence.

YouthNet will work with Barclays to provide young people with access to information, advice and support to help them manage their money more effectively. Both organisations will develop young people-focused content for the charity’s online guide to life for 16 to 25 year-olds TheSite.org   and the recently launched Barclays Money Skills website , part of Barclays’ national money management programme which helps young people to develop and improve their financial skills, knowledge and confidence.

The partnership also involves the charity working with Barclays to engage young people in finding solutions to money challenges through social media activity to support them in managing their money, and Barclays sponsorship of the money section  on TheSite.org  .

Emma Thomas  , CEO of YouthNet said: "We know from some extensive research  we undertook last year that young people have increasing fears about debt, so ensuring that they have access to the information, support and advice they need to help them manage their money is crucial. We are delighted to have Barclays support in ensuring we can continue to provide this for young people online, whenever and wherever they need it."

Michelle Smith, Head of Barclays UK Community and Consumer Affairs said:  "We are delighted to be working in partnership with the leading online youth charity, YouthNet. With the help of all our charity partners, Barclays Money Skills is helping one million people to improve their financial skills, knowledge and confidence with an investment of £15million over three years.

"We know young people face challenges when trying to become financially independent, especially in today’s tough financial climate. We’re pleased to be helping them access the information and support they need to help prepare them for a secure future through digital and social media.”