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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`

30% of young people `think debt is a reality of life`

03/04/2009

A survey looking into the effectiveness of financial education has found that three in ten young people believe getting into debt is a `reality of life`.

The Natwest research also found that around 39% of people thought that they would have less than £10,000 of debt after leaving university. The current average level of student debt actually stands at £12,700.

A spokesperson for Debt Advisers Direct said: "Credit can be a very useful means of coping with unexpected expenses, but it doesn`t have to be a `reality of life`. Many people find they rarely need to borrow, and many who do are able to repay it promptly.

"Young people can be particularly vulnerable when it comes to debt, as they have less experience with money and are likely to earn a lower income. Anyone who finds themselves in trouble with debt should seek professional debt advice as soon as possible."

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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