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77 Years to get back in the black

It could take 77 years on average for people asking Citizens Advice for help with debt to get back into the black, a report from the charity has said.

This is because most of those asking the charity for help with debt were on just half the national average income.

People were condemned to a "lifetime of poverty" burdened by debt, the charity said, with many unable to afford the fees payable for declaring bankruptcy.

On average, people seeking help from Citizens Advice were £13,153 in debt.

The charity said the number of people seeking counselling for credit card and loan debt had doubled in the past eight years.

 

 

   
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