A North/South divide was found in England, with single parents, renters and women also particularly likely to be finding it hard to cope.
Research suggests nearly three in 10 UK adults were not coping financially, or finding it difficult to cope, in January 2024
Nearly three in 10 UK adults were not coping financially, or finding it difficult to cope, in January 2024, Financial Conduct Authority research indicates.60% of those in households with an income of under £15,000 a year – which is nearly four times the proportion of adults with a household income of £50,000-plus.
55% of single adults with financially dependent children were not coping financially or finding it difficult to cope in January 2024, the research found 55% of those who are unemployed and 57% of others who are not in work, such as students, the long-term sick or disabled, those looking after the home or family or full-time carers.55% of single adults with financially dependent children .
It said: “The results for the English regions reveal something of a North/South divide. Results are worst in the North East… The region with the lowest proportion of adults not coping financially or finding it difficult to cope was the East of England.”Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly.
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