Losing your job isn't the only cause of middle age debt

Updated
Jobcentre
Jobcentre

The number one cause of personal debt is losing a job. But delve a little deeper and injury and illness play a big part in financial distress in middle age. What can you do to avoid debt if you're in that age group?

We've long said that the foremost income shock is job loss. In 2010 48% of our clients cited this as the key factor behind their debt, and the harm that redundancy or a reduction in working hours does to a person's wealth, as well as their self-worth, cannot be over-played.

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