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Average Watford household £16,611 in debt, says StepChange Debt Charity
People seeking help with their finances in Watford are more indebted than in other parts of the country, according to a charity.
StepChange said people from the town contacting it for help owed on average £16,611 compared to the national average of £14,092.
In the first six months of this year the finance charity helped 243 people from Watford. It said people contacting its helpline from the town are on average falling £64 short every month of what they need to cover their essential living costs.
Frances Walker, from StepChange, said: "A combination of stagnating incomes and spiralling living costs has tipped many households over the edge into unmanageable debt".
"Too often those in financial difficulty wait almost a year before seeking advice and in that time their position has deteriorated. It is crucial that anyone who finds themselves in this position should seek advice and support at the earliest opportunity."
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