Marcus Rashford begs parents to teach kids how to manage cash 'like his mum did'

23 January 2023 , 20:46

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Marcus Rashford is encouraging parents to teach youngsters how to manage their money (Image: PA)

Football star Marcus Rashford is encouraging parents to teach youngsters how to manage their money.

The Manchester United and England striker said cash problems were the root cause of most stress for young people.

He spoke out as it emerged four in five youngsters admitted they felt helpless due to the cost of living crisis.

Money is a taboo topic around children for millions of parents, researchers found.

And just 12% of 16 to 21-year-olds said it was one of the most frequently discussed difficult subjects at home when growing up.

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Rashford, 25, said he had been fortunate to learn about personal finance from his mother Melanie Maynard.

The new programme is being launched across three community centres in Manchester, London and Sunderland (PA)

He added: “I was lucky I had my mum, who was a bookkeeper, to guide my financial decisions and offer me a good understanding of how money worked.”

Rashford, who helped force a £170million Government U-turn on free school meals, is an ambassador for NatWest’s Thrive scheme.

The Manchester United and England striker said cash problems were the root cause of most stress for young people (PA)

The programme involves youth workers hosting workshops to improve young people’s financial confidence.

Over the next five years, the banking giant will spend £2.92million on running workshops at 30 clubs and training up 200 youth workers.

NatWest CEO Alison Rose said: “It’s critical we involve young people in money conversations early on, so that we give them the confidence to make their own decisions and achieve their full potential.”

Stephen White