Debt blights younger generation's chances of buying a home | Money | guardian.co.uk
Early debt problems mean young Britons are unlikely to be able to buy their own homes and other assets as their parents and grandparents did, according to a leading debt counselling charity.
A report by the Consumer Counselling Credit Service (CCCS) predicts a bleak future for many people under the age of 40 as they struggle against higher debts, declining real incomes and increasing difficulties in saving for retirement.
Although debt levels tend to peak when borrowers are in their mid-30s to mid-40s, research for the charity found that more than 1m households in the 18-39 age group are already struggling to cope financially and indicates that another 893,000 are at risk of money difficulties.
Almost three-quarters of people aged 18 to 39 .........
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