Living with debt

Many people have to borrow money to make big purchases, like buying a house or a car. When you do this, you have to pay the money back over time – the money you owe is a debt. With the current cost of living getting increasingly high, some people are having to borrow money even for everyday purchases like bills and food. Sometimes this debt can get out of control, which causes anxiety and stress. Neil and Pippa discuss this and teach you some new vocabulary.

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