Young people using ‘no stigma’ solution of insolvency as record numbers are hit by the crippling cost of living

Young people addicted to the ‘have now, pay later’ culture, or who cannot cope with the crippling cost of living, are being plunged into insolvency in record numbers, official figures revealed yesterday.

The shocking figures, from the Government’s Insolvency Service, said more young people are taking out a new type of insolvency than any other age group.

Since the Debt Relief Order was introduced in April 2009, one in four have been taken out by a young person between the age of 25 and 34.

Click below to continue reading:

via Young people using ‘no stigma’ solution of insolvency as record numbers are hit by the crippling cost of living | Mail Online.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: