Overindebted Consumers Reluctant To Share Financial Problems With Their Partner

Research carried out by debt advice charity Debt Advice Foundation has revealed 47% of people struggling with debt are hiding their financial problems from loved-ones, with 21% claiming they’d been burdened with their partner’s debts.

David Rodger, Managing Director of Debt Advice Foundation comments: “More people than ever before are struggling with debts and our research has shown that many are not telling anyone about their financial problems – not even their partner or spouse.

“Sometimes this is because they don’t want to worry their loved-ones, others don’t want to face-up to the reality of their situation. This can lead to spiralling debt, which can have a serious and detrimental effect on the household.”

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