Standard Life reveals UK debt plight

Published by the Personal Finance Research Centre, the research highlights the UK's rising debt problem. Key findings revealed that borrowing is most prevalent among those aged between 20 and 50; credit is often reflected in the rising expectations of standards of living; young adults are susceptible to pressures to consume and borrow to do so; parents feel pressured to borrow to provide for their children's needs; housing equity is seen as the solution to debt problems; borrowing among the young to fund a lifestyle is common place and a core minority of young adults see debt consolidatio...