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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`

`Unemployment could lead to debt` in seaside towns

24/08/2009

People who live and work in Britain`s seaside towns may be more likely to require a debt management solution than ever before, thanks to a surge in unemployment.

New statistics analysed by the Trades Union Congress (TUC) indicate that while unemployment across the UK has risen by 81 per cent over the past 12 months, claimant levels in many seaside towns are well above this figure.

In Bournemouth, for example, the number of unemployment claimants has increased by 130 per cent since July last year, while in south Dorset, levels have jumped by 113 per cent.

Weston-Super-Mare, Harwich, Clacton-on-Sea and North Thanet have also been affected by rising unemployment rates, the analysis found.

Brendan Barber, general secretary of the TUC, said that the problem is particularly affecting young people, who are finding it "almost impossible to make the right start to their working lives".

He added that the new unemployment figures, which are based on data compiled by the Office for National Statistics, show that the situation is at a "crisis level".

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