A record 6.7 million people in Britain are in financial difficulty, a campaign group has claimed, as the cost of living crisis pushes more households into debt.
A survey for Debt Justice found that 13% of adults had missed three or more credit or bill payments in the last six months, a figure that rose to 29% among 18- to 24-year-olds and a quarter of 25- to 34-year-olds.
The claim is supported by data from charities showing a surge in requests for help with problem debts, and official figures published on Friday showing an increase in the number of people becoming insolvent.
Crosslight Advice, a charity providing debt and money advice in London and the south-east of England, said inquiries were up by a fifth in the first two months of 2024…
Read the full article at: https://www.theguardian.com/money/2024/mar/18/record-numbers-of-uk-people-in-debt-warns-charity