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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`

Hopeful youngsters `don`t think about debt`

14/03/2008

Nearly a third of young people think that they will not get into debt in the future, a survey has revealed.

In a study of 8,500 people aged 11 to 19, 31 per cent thought that they would avoid needing debt advice in the future, while 43 per cent figured they would leave university less than £10,000 in debt - when the average debt is £12,567.

Furthermore, 76 per cent of young people are not able to correctly identify the lowest APR on personal loans, with 71 per cent thinking they will own a new car by the time they are 21.

Stephen Moir, head of community investment at NatWest, said: "A hopeful generation of young people is not necessarily a bad thing.

"However, a practical and realistic approach is crucial to equipping the next generation with the skills and knowledge they need to face the financial challenges ahead of them."

In contrast, recent research from Credit Action found that the average UK adult owed £4,748 in credit card bills and overdrafts at the end of January.

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