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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`

`Worthy poor` worst affected by recession

03/04/2009

A new report has suggested that the `worthy poor` - people who earn only just over the limit for claiming benefits - are the worst affected by the economic downturn.

The Low Earner`s Audit, carried out by the Resolution Foundation, found that 71% of this demographic group are finding it difficult to manage their finances in the recession.

According to The Telegraph, more than 13 million UK adults are classed as `low earners`, struggling to pay their bills and frequently getting into debt.

A spokesperson for Debt Advisers Direct said: "In a sense, those earning just above the boundaries for benefits are sometimes at a disadvantage when it comes to paying bills and repaying debt, since they are receiving no Government support.

"However, low earners who are struggling to repay debts should be aware that there is help out there. It`s essential that people in this situation seek professional debt advice as soon as the problem starts."

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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