A growing proportion of people seeking help with debt problems are aged under 40 years old, a charity has reported.
Nearly two-thirds (63%) of all clients advised by StepChange Debt Charity in the first six months of 2017 were aged under 40. In 2011 this proportion stood at 51%.
StepChange also said that under-25s seeking the charity’s help are struggling with “rapidly growing” debt levels.
In the first half of 2017 the average debt of the clients aged under 25 was £6,637 – a figure which has seen a 29% surge since 2015 when it stood at £5,151.
The average amount of unsecured debt our clients have increased in 2017 https://t.co/ww4quuBNt5#UKdebtpic.twitter.com/3xT8c5JG76
— StepChange (@StepChange) September 20, 2017
StepChange also said t…
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