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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`

People with children `have higher debt levels`

28/11/2008

Adults who have had children are more indebted than their childless counterparts, it has been suggested.

According to figures produced by Scottish Widows, the average household with dependent children has £88,500 still outstanding on its mortgage, compared with £77,500 for those which do not.

In addition, adults with dependent offspring carried over an average of £9,359 in short-term debt over the last three months, compared with an average of £7,223 for consumers without such responsibilities.

Meanwhile, the study also discovered that 47 per cent of households have to rely on more than one breadwinner for money.

"The reliance on two incomes is the only way to maintain a decent standard of living for many families and, with the rising cost of living, this isn`t likely to ease off any time soon," stated Scottish Widows` protection market director Richard Jones.

Meanwhile, Richard Marett, chief executive officer of Whizz.com, recently suggested that a lack of mathematical ability can result in consumers getting into debt problems as they fail to understand high interest rates and the effects of compound growth.

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