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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`

Child poverty 2020 – a missed target?

19/02/2009

By 2020, over three million children in the UK could be living in poverty, economists have predicted.

‘A critical analysis by the Institute for Fiscal Studies and the Joseph Rowntree Foundation shows that Gordon Brown will badly miss both his much-trumpeted child poverty targets over the next eleven years without a £4.2 billion cash injection,’ The Times reports.

The Joseph Rowntree Foundation seeks ‘to understand the root causes of social problems, to identify ways of overcoming them, and to show how social needs can be met in practice’.

Based on current policies and the recession’s potential impact, the Foundation’s website states, it seems the number of children in poverty will fall from 2.9 million to 2.3 million by 2010 – still 600,000 short of the Government’s target of halving child poverty.

‘Without any new policies to help low-income families, child poverty could rise again to 3.1 million by 2020.’

“It’s worrying to see the UK falling behind in efforts to reduce child poverty,” said a spokesperson for Debt Advisers Direct.

“The JRF website clearly shows how poverty leads to a wide range of problems, including debt: for example, research by a team from the National Institute of Economic and Social Research has pointed to the ‘long-term relationship between poverty and debt’. As far back as 2000, the research showed, people in poverty ‘tended to have debts relative to their incomes 20 to 25 per cent higher than those of the population as a whole’.”

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans and IVAs (Individual Voluntary Arrangements).

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