The Damage of Debt

See a report by the Children’s Society study which provides insights on how low well-being and poor mental health in children are linked to household poverty and problem debt. It also explored the views of children and parents who live in low income households with debt problems on how their family's financial situation affects their well-being and mental health.

It outlines that:

• 2.4 million children living in families with problem debt in England and Wales.
• Children living in families with problem debt are 5 times more likely to be at risk of having low well-being than those not facing difficulties with debt.
• An estimated half a million children living in families with problem debt have low well-being.

See the report here.