Mums ‘forced to work due to debt fears’

Recent research published by Scottish Widows claims that the rising levels of personal debts across the country mean that 3.5 million families with children are reliant upon a consistent income from two parents.

Additionally, the average British family with two children has amassed around £100,000 worth of debt, which amounts to just over £19,000 more to pay off than the average childless household, Scottish Widows reports.

Scottish Widows’ interim protection market director Richard Jones commented: “This reliance on two incomes to buy and run the family home means millions of households are effectively doubling the risk of financial hardship should one of bread winners become unable to work.”

National charity Citizens Advice revealed that over the course of last year it was approached for advice on becoming debt free by more than 1.4 million people.


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