INCREASING numbers of people are falling into debt as the cost-of-living crisis persists, despite slight improvements in interest rates.
The UK debt-help charity Christians Against Poverty (CAP) says that even some households customarily regarded as financially stable are now seeking assistance.
Through a recent YouGov poll, whose results were released this month, CAP found that more than one quarter (28 per cent) of UK adult respondents felt financially insecure, and almost as many (23 per cent) said that they would not be able to cope with an unexpected bill of 200.
Devastating, is how CAPs director of external affairs, Gareth McNab, summed up this crisis. A financial shock like a car issue, or the boiler breaking, can leave them facin…
Read the full article at: https://www.churchtimes.co.uk/articles/2023/29-september/features/features/good-money-week-help-for-all-caught-in-grip-of-debt