Young ‘less harmed by recession’

Younger people are coping better with debt and the recession, a debt relief charity has said.

The Consumer Credit Counselling Service (CCCS) stated that there are clear signs of older people being more likely to worry about debt.

A spokesperson remarked that the average range of those seeking help is “slowly creeping up and more older and middle-aged people are starting to come to us”.

He stated that among the issues older people worry about are the depth of the recession after remembering past ones to not be so bad, while younger people are less troubled by having debts.

Another issue is the greater difficulty this group faces in getting back into work if they lose their jobs.

Focusing on the same issue this week, the Trades Union Congress (TUC) has called on the government to do more to help over-50s in the jobs market.

TUC general secretary Brendan Barber said such action to aid this group could “prevent them being forced into retirement against their will and face old age in poverty”.

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