The scale of problem debt is at “epidemic levels”, the Archbishop of Canterbury has said.
The Most Rev Justin Welby made the comments in the foreword of a report compiled by debt help charity Christians Against Poverty (CAP).
The report said, on average, CAP clients’ outstanding debt equates to 96% of annual household income when they seek help.
Welby, the charity’s patron, says in the report: “In 2017 we have seen warnings from many of our financial institutions about the scale of consumer borrowing.
“Achieving economic stability together with economic justice for all is too easily overlooked.”
He continues: “The scale of problem debt in our country is at epidemic levels.
“Jesus calls us to be hope-bringers and peace-givers. Wh…
Read the full article at: https://www.mirror.co.uk/money/problem-debt-epidemic-levels-helps-12224220
