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Harlow in 2014: Nearly 5,000 children are in families that are living in debt.

Politics / Tue 12th Aug 2014 at 02:50pm

debt2JUST UNDER 5000 children in Harlow are in families struggling with debt.

Altogether,4,703 families in Harlow are currently suffering with debt crisis according to a study carried out by The Children’s Society and StepChange Debt Charity.

The research shows that 4,703 children are living in 2,699 families that are in debt.

Matthew Reed, Chief Executive of The Children’s Society, said: “Families in the East of England are increasingly relying on debt as a way to make ends meet but we are in danger of ignoring the impact this is having on children now and in the future.

“We cannot allow children to pay the price of debt.

Across the area families owe a total of £6,162,009 in bills and loans – each struggling household is behind on payments by an average of £1,862.

Mr Reed added: “With little savings to fall back on, it can take just one unexpected setback – like illness or being made redundant to tip a family over the edge and into a debt trap that can feel impossible to escape from.

“This research exposes the shocking reality of parents lying awake at night worrying and unhappy children going without. Many families are feeling the squeeze and parents struggling on low wages are battling just to pay the bills.”

A national survey found almost two and a half million children across the country live in families owing a total of £4.8 billion in bills and loans.

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