A poll of 1,000 16 to 21-year-olds revealed many had more frequent conversation about relationships (29 per cent), religion (24 per cent) and drugs (24 per cent) compared to money.
With only 12 per cent saying money was one of the most frequently discussed ‘difficult’ topics at home.
However, 81 per cent now think they would be more financially confident if they had more frequent conversations about cash at home.
More than a third (36 per cent) wouldn’t ask for their parent or guardians’ help when making decisions about money, with 26 per cent putting that down to their parents’ lack of confidence in their own finances.
Despite this, 53 per cent wish their parents to be more involved with helping them make financial decisions.
The research was commissioned by the NatWest Thrive Programme, which is backed by England footballer Marcus Rashford and delivered in partnership with the National Youth Agency (NYA), which aims to raise the financial confidence of young people.
The King and Queen Consort met with young people from Norbrook youth club in Wythenshawe, Manchester and spoke with Alison Rose, NatWest’s CEO, on Friday to find out more about the programme.
Manchester United and England star Marcus Rashford said: “Money is a difficult topic to discuss, especially in underserved communities, being the root cause of most anxiety and stress.
“I was lucky that I had my mum, who worked as a bookkeeper, to guide my financial decisions and offer me a good understanding of how money worked.
“With ‘Thrive’ we wanted to make sure that all young people had access to that education, building their confidence, and equipping them with the tools they need to get excited about their futures.
“I was so proud to see Their Majesties visit Wythenshawe and particularly, the Youth Centre and Youth Workers that played a huge role in my upbringing.
“I look
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