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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`

Debt: youngsters` number 1 fear

27/04/2009

Youngsters in Briton are particularly worried about debt, according to Community Service Volunteers (CSV), a charity which believes that `everyone should be able to take part in the life of their community`.

The Youth Future Fears UK survey, commissioned by CSV and Tesco as part of the Agents4Change campaign, found that 48% of the 16-25 year-olds questioned saw debt as one of their biggest future fears.

In other words, fear of debt came ahead of worries about unemployment (40%), violent crime (38%) and global warming (30%).

There are, of course, regional variations: in the South West, for instance, 59% are most concerned about debt.

Sue Farrington, of the Agents4Change campaign, stated that: "Young people have genuine fears for the future but they are not powerless to overcome them. They can help keep our streets safer by mentoring young people at risk of offending, give advice on managing debt by volunteering to teach budgeting and financial skills and help combat global warming by taking part in recycling or conservation projects."

Lucy Neville-Rolfe, Tesco director of corporate and legal affairs: "It was interesting and a little disturbing to read this survey that suggested young people were so concerned about debt, unemployment and crime."

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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