Simon Trevethick, head of communications at StepChange Debt Charity, explained that many different life events could contribute to debt. He said the rising cost of living is only making things tougher.
“Money is still something many of us find difficult to talk about openly, and that discomfort often extends to debt,” Trevethick told the Big Issue.
“There is also a lack of understanding around what drives debt, which can fuel stigma. People often assume if someone’s struggling with debt, they’ve mismanaged their money or overspent – but this is far from the truth.
“For the majority of people we help at StepChange, their debt has escalated due to an unexpected life event throwing their finances off balance,…