Households are already falling behind on bill payments, with women, people relying on benefits, and people from ethnically diverse communities worst hit, Money Advice Trust report says.
Nearly 11 million people, one in five adults across the UK, have fallen behind with at least one household bill payment, according to a new report.are already impacting households, with women; those from ethnically diverse communities and those relying on benefits being worst affected.
It estimates that 10.9 million people, or 20% of UK adults, were behind in their bills, and suggests 40% have cut down on all essential spending and stopped or reduced car use, 1 in 9 had gone without food and 7.7 million people had sold items toThe research was based on a survey of 2,000 adults, carried out by market research company Opinium.
but the research showed energy prices are already unaffordable for millions or forcing them to limit spending in other areas. One in nine reported already being in energy arrears and that their energy supplier had already increased monthly payments to a level they could not afford.on Friday, to do more to support people in arrears and help those on lower incomes.
Those receiving benefits are shown to be worse hit than the rest of the population, with the percentage of those in arrears in this group more than doubling to 45%.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'The Queen helped my Easterhouse mum when she was struggling with money'She wrote to The Queen in December 1975, at 27-years-old, asking Her Majesty to check her benefits and see if she was “missing out on anything”.
Read more »
I’m a bargain hunter…the items you need to keep warm and save money on heatingAS the temperature drops, it seems that the days of warm weather may be coming to a close for us in Britain. Many of us will find ourselves putting our fluffy socks on, reaching for our water bottl…
Read more »
Cash and phones seized as Glasgow properties searched after alleged money launderer arrested in SpainItems and cash were seized at properties in a Glasgow area after they were searched as part of an investigation following the arrest of an alleged…
Read more »
Raja Koduri hands his CEO first Arc A770 GPU to show where all Intel's money wentIntel Arc A770 is almost ready for retail.
Read more »
I’m a money-saving guru & these are three Poundland bargains to buy nowWITH the cost-of-living crisis affecting households up and down the country, chances are you haven’t got much spare cash floating around to splurge on luxurious items for your home. The major…
Read more »