Debt charities have reported a jump in the number of young people seeking help with bad debts as growing numbers of under-30s struggle to pay household bills, interest on bank overdrafts and rent arrears.
Citizens Advice said that the failure to cope with payday loans and other forms of high cost credit was one of the main reasons for the influx of distressed young people seeking advice.
The charity, which helped 350,000 people last year, said there was 34% rise in the number of under-25s seeking help with high cost credit in the last two years.
StepChange, which also helps people with debt problems, said that in the first six months of 2017 almost two-thirds (64%) of all clients who sought advice were under 40. In 2013 only 53% w…
Read the full article at: https://www.theguardian.com/money/2017/sep/20/young-people-debt-crisis-rent-arrears-benefits-work