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.

news

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."