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Families facing debt this winter

25/12/2009

A survey by children`s charity Save the Children suggests that the majority of parents in households earning less than £30,000 per year are going to `struggle to manage this winter`, the BBC reports.

More than half (52%) of the 1,006 parents questioned said they would turn to high-interest debt to cover their costs over the winter months.

The research found that 27% of families on low incomes said that this winter, they would have to take on debt to cover the cost of fuel bills, 22% said they would have to take on debt to pay for warm winter clothing, while 21% said they would have to borrow to pay for `other essentials including food`.

The majority expect to take on up to £500 of debt to cover their costs this winter, and believe it will take them more than 12 months to repay it.

32% of the families surveyed said that their greatest worry was that they would struggle when it comes to paying back their debt, while 26% worried that they would be pushed further into debt.

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