Why seaside areas top the personal debt league

Contraction in coastal industries and lack of universities have hit hard

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(Image credit: (Ian Forsyth/Getty Images))

Seaside areas dominate the list of towns and cities with the most people getting into serious difficulties with debt, according to a new study.

Scarborough, on the Yorkshire coast, came second out of 347 local authorities in England and Wales for personal insolvencies, while Torbay in Devon finished third, The Guardian reports.

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