Readings on financial news

Did you know that roughly 50% of teenagers in the UK will find themselves in debt by the time they are seventeen? I was amazed at the level that debt had crept into society, even among those who have barely started to earn on a casual basis. It seems that the necessities of people is increasing much faster than their ability to provide for it, hence the need and reliance, rather over reliance on credit. I came across this information on the Lombard Direct site which provides a variety of financial news and services. This new section on financial news is a very good source of information for all kinds of consumers, since we have taken credit cards, loans, mortgages etc at some point or the other.