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Articles   >>   Families card and overdraft debts rise to 6,200

Families card and overdraft debts rise to 6,200

Saturday, May 21 , 2011
View the full story at: http://telegraph.co.uk ... /Families-card-and-overdraft-debts-rise-to-6200.html

Families card and overdraft debts rise to 6,200

Parents are falling farther and faster into debt than childless couples.

Research from Aviva found that childless couples were managing to reduce their debts and save money, but those with one child or more had added around £1,000 to their credit cards, overdrafts and loans since January.

According to the study of 4,000 families, childless couples who didn't want to start a family had reduced their debt by £1,000 since the start of the year, to an average of £5,736; those planning a family had reduced debts by around £200 to £4,554. However, couples with one child saw their debts rise by an average of just over £1,000 to £5,452, while those with two children saw their debts rise by nearly £1,000 to £6,200.


View the full story at: http://telegraph.co.uk ... /Families-card-and-overdraft-debts-rise-to-6200.html

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