The True Cost of Debt

Abstract

Outlines the main issues arising from debt, and explains one approach to helping people cope. Examines the effects of debt at home and work. Considers the causes of the amount of debt in the UK to be: loss of income, marital breakdown, over‐commitment, financial mismanagement and poverty. Highlights help available from debt counselling through a case example.

Citation

Johnson, S. (1989), "The True Cost of Debt", Employee Counselling Today, Vol. 1 No. 3, pp. 15-19. https://doi.org/10.1108/EUM0000000002829