Survey Highlights Health Impact of Debt Problems

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19th December 2012 17:11 - Health

 

A survey of by Citizens Advice has found that growing debt is causing mental health problems, relationship breakdown and family discord amongst many Britons.

Of the people surveyed who are experiencing mounting debt issues, as many as three out of four said this is having an impact on their mental health, while half said this is causing their work to suffer.

In addition, the majority of those who took part in the study said money worries are causing problems with a partner, and one in three said this problem has a negative impact on their relationship with their children.

The debts of those surveyed typically ranged from £1,000 to £20,000, with one in 10 owing more than £30,000.

It is estimated that outstanding personal debt in the UK now stands at £1.4 trillion, including mortgages. This will be compounded by Christmas spending, with one in three families expected to go into debt over the festive season according to a recent YouGov poll.

In past 12 months to the end of September, Citizens Advice Bureaus in England and Wales have helped with more than 2 million debt problems. 

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