CAB Report Sees Youth Problems Dramatically Escalate
Citizens Advice Bureau (CAB) figures released today showed that between April 2009 and March 2010, the charity dealt with 729,825 problems from the under 25 age group, which was an increase of 21% from the previous year. Nearly 250,000 of these enquiries where debt advice related, with benefits following closely behind. There are concerns within the sector that the number of young people seeking debt help will increase substantially again once the tuition fee cap abolition comes in to force.
Citizens Advice Bureau (CAB) figures released today showed that between April 2009 and March 2010, the charity dealt with 729,825 problems from the under 25 age group, which was an increase of 21% from the previous year. Nearly 250,000 of these enquiries where debt advice related, with benefits following closely behind. There are concerns within the sector that the number of young people seeking debt help will increase substantially again once the tuition fee cap abolition comes in to force.
The increase in enquires has prompted CAB to develop a targeted resource, Advice 4 Me website, especially for this age group. At the launch of the new website, CAB Chief Executive Gillian Guy had a message for young people that might be worried about debt “It can be scary and daunting to seek advice if you have a problem – but more often than not, the sooner you tackle it, the easier it is to put right”.
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