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Want to help 1.6 million households in extreme debt? Raise their incomes – Left Foot Forward

Austerity has fuelled a personal debt boom caused by low incomes and wages

Theresa May PMQs

It is well known that economic growth has still been excessively reliant on households, despite the unprecedented falls in real earnings of recent years.

Today the Trades Union Congress publishes analysis that shows just how heavy pressures on some households have become.

The Britain in the Red report, by Damon Gibbons of the Centre for Responsible Credit, shows 1.6 million households are in extreme problem debt defined as paying more than 40 per cent of their gross income on unsecured debt payments.

Most worryingly, extreme problem debt is rising particularly quickly for low income households that are in work.

These pressures do not come as the resu…

Read the full article at: https://leftfootforward.org/2016/08/want-to-help-1-6-million-households-in-extreme-debt-raise-their-incomes/

Category: Debt HelpBy Insolvency GuardianAugust 24, 2016

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Want to help 1.6 million households in extreme debt? Raise their incomes – Left Foot Forward

Austerity has fuelled a personal debt boom caused by low incomes and wages

Theresa May PMQs

It is well known that economic growth has still been excessively reliant on households, despite the unprecedented falls in real earnings of recent years.

Today the Trades Union Congress publishes analysis that shows just how heavy pressures on some households have become.

The Britain in the Red report, by Damon Gibbons of the Centre for Responsible Credit, shows 1.6 million households are in extreme problem debt defined as paying more than 40 per cent of their gross income on unsecured debt payments.

Most worryingly, extreme problem debt is rising particularly quickly for low income households that are in work.

These pressures do not come as the resu…

Read the full article at: http://leftfootforward.org/2016/08/want-to-help-1-6-million-households-in-extreme-debt-raise-their-incomes/

Category: Debt HelpBy Insolvency GuardianAugust 23, 2016

Post navigation

PreviousPrevious post:Implement bankruptcy law in time bound manner: Arun Jaitley to officials – The Indian ExpressNextNext post:Qantas airline soars to record profit after restructuring – BBC News

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May 12, 2025
My abuser put me in thousands of pounds of debt – to clear it, I had to risk him finding out where I lived
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