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About Your Debt

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New research will reveal more than one in five people aged between 18 and 24 owe more than £10,000, it has been reported.

Rainer, a charity helping disadvantaged young people, will publish a study next month which shows many young people are struggling with debt, reports online source Youth Work Now.

It says the charity discovered four out of five of the young people they questioned had debts and will call for greater support for young adults, particularly for those leaving care.

Joyce Moseley, chief executive of Rainer, told Youth Work Today: "Most young people say if they are in debt they turn to parents or close family for help, but the young people we deal with can’t do that."

Rainer runs more than 55 projects and services across the UK and works with young people who are leaving care, homeless, parents or those caught up in the criminal justice system. Many of its clients face a combination of these challenges, it reports.

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