Debt (2)

Meeting: 
MQT on 2014-09-17
Session date: 
September 17, 2014
Reference: 
2014/3465
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

What do you see as the key challenges involved in tackling excessive personal debt and financial exclusion in London?

Answer

Answer for Debt (2)

Answer for Debt (2)

Answered By: 
The Mayor

People get into debt for a number of reasons. However, a number of these issues can be tackled through improved job opportunities, affordable housing, better wages, increasing financial literacy levels, access and awareness of free money and debt advice support.