Media comment: Money Advice Trust - Borrowed years report

Tuesday 30th August 2016

Sheila Wheeler, Director of Debt Advice for the Money Advice Service comments in response to the Money Advice Trust: Borrowed Years report

“It is great to see that young people have good money management skills, however we are concerned to see that they are still building up significant debts which could have big impact on their financial futures. Our own research has found that only one in ten young adults (aged 16-24) who are over indebted are seeking advice. Young people have a range of financial challenges to face from funding university or college courses to low incomes and high rents. We understand how hard it can be to manage and we want to call on anyone who is feeling the financial strain to seek free advice as soon as possible. The Debt Advice Locator Tool will help you find free, high quality help in your area.”