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Financial shocks such as divorce and redundancy are leading people into debt crises, a charity has said.
The under-25s are prone to problems caused by poor budgeting, a review by debt helpline StepChange found.
But for most age groups, a lack of money resulting from an income shock – rather than poor budgeting – has led to many slipping dangerously into the red.
A large proportion of single parents and tenants have sought help from the charity, it said.
“It can be too easy to look at statistics and fail to see the anxious human face of problem debt,” said Phil Andrew, StepChange’s chief execu…
Read the full article at: http://www.bbc.com/news/business-43399411
