Posted: 01 September 2014

The hard truths about debt (infographic)

After reading Latasha's story in Stopping the debt trap, have a look at our infographic about debt statistics. All data is found in our report, The Debt Trap: Exposing the impact of problem debt on children.

An infographic about debt. Fact include: 50% of children aged 10-17 in families with problem debt say the lack of money causes arguments in the family  Only 1 in 5 children aged 10-17 said their school taught them about money management and debt  32% parents in problem debt who sought help from their council, said that they were not helpful at all  2.4 million children live in families with problem debt  A further 5 million children are in families that are struggling to keep up with repayments and risk falling behind  Children aged 10-17 in families with problem debt are more than twice as likely to be unhappy at school and bullied because they don’t have the same things as their peers  More than 50% of children aged 10-17 said they saw advertising for loans ‘often’ or ‘all’ of the time  9 out of 10 families in problem debt say they have had to cut back on essentials like food or heating for their children, in order to keep up with repayments  42% of parents struggling with repayments on a payday loan said their lender treated them ‘badly’ or ‘very badly’  How you can  Every penny you donate to means we can provide more vital support to young families like Latasha’s.

By Sam Royston - Policy team
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Debt Trap game

Our game shows just how deeply debt can cost a family - give it a try today.

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Welcome to the Autumn 2014 issue of Voice magazine

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