Posted by Jake on Wednesday, November 27, 2013 with 5 comments | Labels: Article, Big Society, Graphs
In November 2013 The Money Advice Service, set up by the UK government, released a report on the debt burden. The report states:
Across the UK approximately 8.8 million people are over-indebted. These are individuals who have been at least three months behind with their bills in the last six months or have said that they feel their debts are a heavy burden. This large and diverse group represents 18% of the UK adult population
Most startling is the concentration of debt stress in certain cities and certain regions. In areas more than 4 in 10 people (more than 40% of the local population) are over-indebted.
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| Money Advice Service |
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| Money Advice Service |
It is said that a drowning man will grab at any straw. "Austerity" is the straw our government enthusiastically waves like a cheer-leader's baton because it is not their own voters who are drowning.
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| Money Advice Service |
The areas where people are living beyond their means
ReplyDeleteAreas were people are paid less than a living wage?
DeleteReally? People are only lower paid in the higher debt areas? nonesense! I'm from Preston (in the red) and live in surrey so know each areas well.
DeleteThe cost of living is far higher in the south east than anywhere else in the UK....and believe me, the higher wages in no way cover the extra living costs.
John Smith: Hi;
ReplyDeleteEvidence?
By definition. QED.
Delete