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The cost-of-living crisis is impacting the wellbeing of children as young as 10 amid concerns over their family’s finances, a Children’s Society report is warning.

The charity found that one in six children aged between 10 and 17 living in households under financial strain have low wellbeing.

This proportion more than halves to almost one in 13 among young people living in families not experiencing financial difficulty. Overall, one in 10 children as young as 10 have low wellbeing.

One in five children say they “frequently worry about their family’s financial status” and more than half say they “sometimes” worry about how much money their family has.

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