Rising Debt Due to Rising Cost of Living

by Editor | July 3, 2014 6:34 am

This story could be told right across the Western Hemisphere and whilst the video below was produced in November 2013 the issues remain even more relevant in 2014.

In the UK new figures have revealed the country’s total personal debt has reached an all-time high.

The rising costs of energy and other household bills are pushing people over the edge, with many even facing the risk of losing their homes. RT’s Laura Smith investigates.

This is a stark reminder that people urgently need to reassess their finances and start living in accordance with their means; ignoring this simply fact only increases the burden of debt we are placing on our future generations.

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