Study predicts future debt for UK children

Wed, 12 Oct 2011

Children and working-age adults could be set for a life laden with debt after a forecast of income poverty was revealed in a new study.

Funded by the Joseph Rowntree Foundation and published by the Institute for Fiscal Studies - which has been scrutinising fiscal policy in Britain for more than 40 years - the research predicted financial difficulties for each year between 2010-11 and 2015-16, as well as for 2020-21.

The investigation took into account all manner of debt considerations, including tax and benefit policies, the economy and demographic forecasts.

Speaking in relation to aims set out by the Child Poverty Act, James Browne, one of the authors of the report, stated: "Even if there were an immense increase in the resources made available, it is hard to see how child poverty could fall by enough to hit this supposedly legally binding target."

Another key finding of the study is an anticipation that absolute poverty will increase by around 600,000 children and 800,000 adults.
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