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New report reveals impact of debt on children
Problem debt is putting stress on family relationships, damaging children and trapping families in a downward spiral of borrowing, according to The Debt Trap, a new report from The Children’s Society and StepChange Debt Charity.
Two and a half million children live in families with problem debt, who are behind on £4.8 billion of household bills and loan repayments. A further five million children are in families that are struggling to keep up with repayments and risk falling behind.
This new report – backed by the Archbishop of York – for the first time lifts the lid on the devastating impact debt can have on children. The findings show that children are suffering worry and anxiety, bullying and going without essentials as their families are trapped in problem debt.
via The Debt Trap – New report reveals impact of debt on children.
Two and a half million children live in families with problem debt, who are behind on £4.8 billion of household bills and loan repayments. A further five million children are in families that are struggling to keep up with repayments and risk falling behind.
This new report – backed by the Archbishop of York – for the first time lifts the lid on the devastating impact debt can have on children. The findings show that children are suffering worry and anxiety, bullying and going without essentials as their families are trapped in problem debt.
via The Debt Trap – New report reveals impact of debt on children.
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