Increasing Number of Under-25-Year Olds Seeking Debt Advice
The Citizens Advice Bureau is one in a network of charities that offers information and advice on financial, legal and consumer problems, among others. The organisation, which offers its services confidentially and free of charge, recently reported a 21% increase in the number of young people getting in touch with representatives. About 80% of concerns related to one of the following four issues: debt, benefits, housing problems and employment.
The charity reported that in the 12 months ending March, it served 729,825 people under 25 years of age. Debt concerns made up one-third of these cases. The charity also noted a 40% increase in queries regarding benefits, and a 28% and 25% increase in issues concerning housing and employment, respectively. A "very high" number of under-25-year olds seem to be having difficulties with housing benefits and privately rented accommodation.
The launch of the organisation's new website, advice4me. org. uk, is underway. It is intended to provide assistance for its younger clients. The site will include resources on debt, benefits, employment and housing from the charity's current website.
"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", said Gillian Guy, the Chief Executive of Citizens Advice.