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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"

Teenagers optimistic about student debt

31/03/2010

According to research carried out by NatWest, teenagers expect to run up just £10,000 of student debt by the time they graduate, the Guardian reports.

However, recent figures from the Push Student Debt Survey have suggested that students will be left with debts of more than £20,000 by the end of their courses.

Nonetheless, despite the troubled economic climate, many of the teenagers questioned said that they had started to `think carefully` about what they did with their money, with two thirds claiming they felt the recession has had a positive impact on their ability to manage money.

"This survey has shown that the recession has had an impact on young people. They do have a better idea about day-to-day money management," said Sarah Neary, Head of the NatWest MoneySense panel.

"A lot of young people are very good at looking after their money now, but the broader financial picture needs to be incorporated so they can be sure of themselves in the future."

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans and IVAs (Individual Voluntary Arrangements).

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