Main content
Why young people are choosing bankruptcy as a way out of debt
The idea of being made bankrupt used to be seen as something to avoid at all costs, but the latest figures suggest young people are increasingly seeing it as an easier way out of debt. According to the accountancy firm RSM, the number of young people agreeing to go into bankruptcy has risen ten times in the past three years. Shari Vahl finds out more.
First broadcast on You & Yours, 14 October 2019.
Duration:
This clip is from
More clips from Radio 4 in Four
-
The growing trend of visible repairing
Duration: 07:05
-
How much energy do Christmas lights use up?
Duration: 07:16
-
What are the trends for 2022?
Duration: 05:38
-
Is a plastic Christmas tree better for the environment?
Duration: 07:10