The average new CAP client in Yorkshire owed more than £11,600 last year, the charity says.
Meanwhile, figures released earlier this year by financial advisers Hargreaves Lansdown found households are now spending an average of £216 a month on credit cards, loans and overdrafts – a figure that soars to nearly 20% of income in the UK’s debt hotspots.
With unsecured debt growing faster than people’s incomes, campaigners warn this is fuelling poverty, deepening inequality and exposing the urgent need for government action.
Yvette believes that early financial education from primary school onwards would be a “vital” tool in helping children learn lifelong good money habits.
“Because if young people don’t learn, when they grow older, they’re…