61 percent of debt-laden parents struggle to provide for children
A recent study shows a majority of parents struggle providing for their children because of debt, according to Christian Today.
Christians Against Poverty, a debt counseling charity, surveyed 1,500 of its clients on the impact debt has on their families.
Of the parents surveyed, 61 percent said debt affected their ability to provide for their children.
More than half of respondents said debt has made them unable to clothe their children properly, while 18 percent can’t provide enough food.
“Parents on low incomes can so easily fall into debt,” Matt Barlow, chief executive officer of Christians Against Poverty, told Christian Today. “It just takes something like a broken washing machine and a bit of easy credit and within weeks that family finds themselves servicing a debt with the little they have. That escalating pressure can have a very destructive impact on the whole family which means children suffer, too.”
- Salt Lake City named among top 10 downtown...
- Dave Ramsey says: Make pocket money part of...
- Balancing act: Readers offer tips for...
- 20 ways to make yourself more likable at work
- US running out of room to store oil; price...
- Lehi supplement firm launches research lab
- Michelle Singletary: Compassion beyond the...
- University Place construction timeline released
- Survey: US businesses add 212K jobs in... 3
- Monarchs say Fairpark deal is dead,... 3
- Salt Lake City named among top 10... 3
- University Place construction timeline... 2
- Lehi supplement firm launches research lab 2
- Nebraska looking at ways to lure... 1
- Automakers vow not to give up on... 1
- Michelle Singletary: Compassion beyond... 1