33041830 - pound sterling coin and note
Accordingly to recent studies a third of Britain’s under 24s are over £3000 in debt.

The study conducted for the Money Advice Trust by YouGov found that credit cards, over drafts, short-term loans, and loans from friends and family have all lent to this rise. It would seem that borrowing has become a social norm, with over half of those surveyed admitting to worrying regularly about the state of their finances.

So what has lead to the rising debt in our young?

This week on MoneyTalk Jo and Penny will discuss this cultural shift, and look at the factors that may be lending to this rising debt.

Tune in from 1pm this Friday the 2nd of September on Channel Radio.

Do you have a question you would like to put to one of our presenters? Or an experience you’d like to share? Contact the show here, or on Twitter or Facebook ahead of time or on the day.

Struggling to manage your debts? Facts & Figures Financial Planners have 20 years+ experience in the financial industry, and offer a free-of-charge initial consultation. Find out more here.