UK Citizens Advice reports spike in financial problems
The number of young people in Britain seeking help on financial matters such as debt management is on the rise, according to the UK Citizens Advice Bureau.
by Reporter - January 03, 2014 0 comments
Citizens Advice – a UK government-run welfare agency – has reported a leap in the number of clients aged 17 to 24 looking for assistance in financial matters, rising by 53 per cent since the start of the global financial crisis, according to MSN UK.
Over 23,000 young Britons reported a debt-related problem to the bureau in the first two quarters of 2013 alone, the agency said.
"We've seen a huge rise in the number of people needing our help since the start of the credit crunch,” said Citizens Advice chief executive Gillian Guy.
"Soaring numbers need help keeping a roof over their head, whilst the number of young adults seeking advice on support to get into work has more than doubled."
Advertisement
Advertisement
0 commentsjoin the conversation
latest news
IOOF announces new CEO
IOOF has appointed a permanent chief executive following the resignation of Chri...
Class action against Evans Dixon under consideration
A law firm has signalled intentions to launch a class action against wealth mana...
BT executive appointed to FSC board
The Financial Services Council has brought on a BT general manager with 25 years...
