Vinnies: Aiming to Break the Debt Cycle

SYDNEY, January 14, 2007 One aspect of the Christmas period that is sometimes overlooked is the hardship experienced by many as a result of excessive debt accrued throughout the year, but particularly exacerbated by the extra costs associated with Christmas. (catholicweekly.com.au): John R O’Neill, NSW/ACT state president of the St Vincent de Paul Society, writes for The Catholic Weekly –

Similarly, many of the financial pressures synonymous with day-to-day living, such as bills, utilities, medical costs, car expenses, education and rent or mortgage payments often prove extraordinarily difficult for many of those within the community to manage.

In line with the ethos of the Vincentian vocation, the Society works in many ways towards alleviating the immediate problems faced by those experiencing exceptional financial pressures; however, it also aims to break the debt cycle by assisting those in need to realise manageable, long-term solutions.

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