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.”
- Lawmakers looking to pump up gas tax this...
- Knocking doors: What to know before signing...
- Are you part of the global 'baby shortage'?
- Nintendo opens 2015 with some big announcements
- Kimberly Rotter: 7 weird things that affect...
- Greek radical left wins election, threatening...
- EPA inventory highlights 'toxic' releases;...
- Faith leaders: your secret weapon in the...
- Lawmakers looking to pump up gas tax... 46
- Analysis: Obama seizes on recovery,... 17
- Utah has fourth largest gender wage... 12
- Are you part of the global 'baby... 12
- Another study lists Salt Lake as one of... 10
- Survey ranks Utah's best and worst... 9
- Obama pitches his economic plan to... 6
- Obama idea to trim college savings... 6