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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Unemployment `on the up`

13/11/2008

The number of people without work in the UK is increasing, new figures suggest.

Produced by the Office for National Statistics, they reveal that the rate of unemployment now stands at 5.8 per cent.

According to the organisation, this represents a rise of 0.4 per cent from the previous quarter - potentially meaning more people are experiencing financial difficulties such as rising debt.

In total, there are now thought to be 1.82 million people out of work across the country, an increase of 182,000 compared with the end of last year.

The areas in which the most job cuts occurred included hotels and restaurants, finance and business services.

Recently, Mark Sands, director of personal insolvency at professional services firm KPMG, said that rising unemployment - combined with increased credit restrictions - is causing a surge in the number of IVAs and bankruptcies.

He said: "We expect that by the end of 2008, personal insolvencies will reach up to 110,000."

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according