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The Impact of Personal Indebtedness in United Kingdom Households, Especially on Children

Published Friday, August 15, 2014

This Library Note was prepared for a debate in the House of Lords on the impact of personal indebtedness in UK households, especially on children, which was scheduled to take place on 17 July 2014, but was postponed to a future date.

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This Library Note was prepared for a debate in the House of Lords on the impact of personal indebtedness in UK households, especially on children, which was scheduled to take place on 17 July 2014, but was postponed to a future date. The Note gives an overview of current levels of personal indebtedness in the UK and examines reports relating to its impact on households. The Note then considers the specific impact household indebtedness has on children, before examining some of the suggested causes of problem debt in UK households. The Note also provides an overview of government policy on the issue and the action it has taken to date.

Lords Library notes LLN-2014-029

Author: Thomas Brown

Topics: Children and families, Economic situation, Financial services, Loans, Pay

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House of Lords Library

The House of Lords Library delivers research and information services to Members and staff of the House in support of parliamentary business.