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Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive` School focuses on "curing Ireland`s debt disease"

`Many parents worry about children getting into debt`

31/10/2008

Most parents are concerned that their children will get into debt when they are older as a result of the financial decisions they take, it has been found.

According to figures produced by Nationwide, 62 per cent of adults with children aged between four and seven are worried that financial mistakes will cause their child to get into debt problems.

It was also found that 91 per cent of people questioned believed it is important for youngsters to learn how to manage money and budget from a young age.

Nationwide has, therefore, launched an online financial capability programme aimed at providing children with a better understanding of financial issues.

"We are very excited about this project. Our research shows that much more needs to be done to help teach children about money," stated executive director at Nationwide Tony Prestedge.

Meanwhile, a report recently commissioned by the Legal Services Research Centre found that 130,000 people across the UK have seen their GP about stress caused by debt.

Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according Rising household costs could pressure people in debt 10/08/2010 - The UK may be about to see a rise in