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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`

People report taking on more debt in August

26/08/2009

According to the Markit/YouGov Household Finance Index, debt levels - particularly among 18-24 year olds - have increased during August, citywire.co.uk reports.

The survey also found that almost a third of the people questioned said their household financial situation had deteriorated in August, while just 6% reported an improvement.

The Household Financial Index stood at 38.2 in August - down slightly from the 38.5 recorded in July - showing that finances in general are still getting worse, although at a slower rate.

While unemployment is set to continue rising, respondents to the survey said they actually feel increasingly secure in their job and are more optimistic about future pay rises.

A spokesperson for Debt Advisers Direct commented: "The fact that people are more confident about borrowing may suggest that the economy is starting to recover.

"However, it is important that people are particularly cautious about taking on any form of debt during a recession. At a time like now, they may be more likely to run into financial difficulties, which could make debt repayments harder to afford."

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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