Millions of people expect to have problems over the next few days
Two fifths of people are expected to run out of money before payday this month and research from Nationwide found 40% have already run out of money while waiting for their January salary to hit their account. 14% said they’d already run out of money by January 11.
Financial insights provider Intuit Credit Karma said of those who think they will run out of money this month, more than half said January 15 was the last day they will have any spare cash. With December wages often being paid early, January can be a month when people need to stretch their pay out for longer.
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