This infographic (source: www.childrenssociety.org.uk) contains some very eye-opening debt-related data out of the United Kingdom.
The key takeaways?
- Only 20% of children (aged 10-17) receive formal education about money management and debt.
- One third of parents seeking help for debt relief gained nothing of value.
- Half of all children surveyed say that the debt that burdens their family leads to dysfunction and arguments.
The madness must stop! Take control of your finances and end the cycle of debt.