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.”
- The wrath of Comic-Con: S.L. convention...
- Dave Ramsey says: Don't touch that 529 plan
- BYU grad strikes gold teaching via online...
- Utah Transit Authority eyeing electric bus...
- Balancing act: First 'real' job teaches...
- Healing souls, healing a mountain
- Dave Ramsey says: Don't leave an estate with...
- Does getting married really increase wealth...
- Fast food workers vow civil disobedience 15
- San Diego Comic-Con tells Salt Lake... 12
- BYU grad strikes gold teaching via... 12
- Dave Ramsey says: Don't leave an estate... 11
- Sarah Palin launches online... 10
- The wrath of Comic-Con: S.L. convention... 9
- Does getting married really increase... 8
- Dave Ramsey says: Don't touch that 529... 6