The Damage of Debt

A new report published by the Children’s Society examines the links between problem debt and the mental health and emotional well-being of children and young people. The report highlights how debt makes parents, children and young people feel anxious, out of control, ashamed and alone. Problem debt across the country is putting the mental health and well-being of children at risk, with almost a quarter of children in problem debt-ridden households feeling unhappy with their lives. It recommends the Government creates a breathing space for families, with time to repay their debts with no rising fees or visits from intimidating bailiffs.