David and his wife are both working but struggling
People are slipping further into debt to pay for basics like rent and bills, Citizens Advice has warned.
Half of the charity’s debt assessment clients have a negative budget – meaning they are left in the red after paying for essentials. This was up from 36% in early 2019, it said.
Groups who rarely asked the charity for help, like homeowners and pensioners, were now seeking debt advice, it said.
One father-of-four told the BBC he was “forever chasing a never-ending debt”.
The soaring cost of living seems to be changing the nature of problem debt. Whereas once ballooning credit card bills were the norm…
Read the full article at: https://www.bbc.com/news/business-63811484