One in five (18%) of UK households with children are faced with "problem" debt, according to a survey from two leading charities.
The Children's Society and StepChange debt charity also found:
- On average these households owe £3,437, or an estimated £4.8 billion to creditors and the Government.
- An estimated 2.4m children are living under "problem" debt.
- A further 2.9 million households with dependent children are struggling to keep up with payments on household bills or credit over the past year.
- Almost 18% of 10 to 17-year-olds who took part in the survey had been bullied because of the financial troubles their family faced.
- Over half of the children researchers spoke to said they were embarrassed by their lack of money.
More top news
Tonight it'll become dry and clear for most parts of Britain.
A rugby jersey dating back to 1894 is going under the hammer - and is expected to fetch up to £20,000 at auction.
Everton and Bournemouth players and fans pay a pre-match emotional tribute to the 96 Hillsborough victims and their families