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Debt is mounting up for Ilkeston families

Debt nightmare

Debt nightmare

Thousands of children in Ilkeston and Long Eaton are living in families trapped by debt, according to research.

The study by the The Children’s Society and StepChange debt charity has revealed that in Erewash 2,187 families are in ‘problem debt’, leaving them unable to keep up with household bills and loan repayments.

The total amount of debt owed by families in Erewash amounts to £4,471,566.

The figures also show that 3,786 children in Erewash live in families with ‘problem debt.’

Matthew Reed, chief executive of The Children’s Society, said: “Families are increasingly relying on debt as a way to make ends meet – but we’re in danger of ignoring the impact this is having on children.

“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 feels 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.”

The charities are calling on the Government to make changes.

 

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