New research has revealed that, worryingly, almost a quarter of Brits (23%) have accumulated debt because of illness or a health issue.
debt
Misunderstanding financial terms is one of the key money issues for younger people.
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1 in 5 Brits Have Split Up With Their Partners Due to Financial Misunderstandings
According to new research, one in five (21%) Brits have had a relationship breakdown due to financial misunderstandings, and 14% have even resulted in divorce.
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Cost of Living Crisis a Threat to Over a Million People Living with Bipolar in the UK, Warns National Mental Health Charity
Nearly two-fifths (39%) of people living with bipolar in the UK reported money worries being a factor in triggering a relapse.
- Mental Health & Well-Being
Over-Two Fifths of UK Consumers Are Prioritising Bills Over Their Physical and Mental Health
The poll asked consumers of different age groups to give a breakdown of the amount of money they owe.
Dealing with large amounts of unpaid debt can wear you down.
- Mental Health & Well-Being
Over Three-Quarters of 45–54 Year Olds Report Debt Worries During the Pandemic
One in five (18%) of 45–54 year olds whose current debt has increased over the past 12 months have borrowed to pay off other existing debt.
New research demonstrates an alarming increase in reliance on high-cost credit such as payday loans, credit cards, and overdrafts.