Ongoing debts ‘causing more family arguments’

Debts are taking their toll on UK families as more than a million households are arguing more due to ongoing money problems, new research has shown.

The study, by Clydesdale and Yorkshire Banks, shows that financial worry is having a disruptive effect on families, with over two million reporting they are under severe strain on a daily basis.

Steve Reid, retail director for the organisations, said: “There’s no question that financial concerns create stress in family relationships. It’s important that people understand that help is available and that the sooner they seek it out the better.”

In addition, 340,000 families have said their grown-up children have returned home as they could either not afford to live away from their parents.

Financial worries are also affecting people’s sleeping patterns with the average person losing up to an hours sleep a night during the recession, according to a report by Travelodge.

By James Perkins