Poverty Report. A recent report published by the Universities of Birmingham and Lincoln reveals levels of rising poverty across all groups. These include people in work. In the poorest 20% of the population, 6 in 10 are deep in debt. Almost 1.6 million people fell behind with council tax payments. Over a million have been behind on water bills. Nearly a million have struggled to keep up with rent.
Millions living in Poverty.
According to the
report, more than eight million of those living in poverty have at least one
person in paid employment in their family.
Also highlighted in the research is a worrying trend. Income levels need to increase to combat poverty. Bailiffs refusing to accept affordable payment offers, threatening to break into properties where they do not have the power to do this and taking goods that didn’t belong to the person who owes the debt was high. Almost one million of those bailiffs had reportedly broken the rules.
Councils tax debt is commonly passed on to bailiffs. Worrying for those unable to keep on top of their basic bills.
Poverty figures “hugely worrying.”
One debt charity
“Across the country, people are struggling to keep up with essential expenses – a sure sign of wide-spread financial distress.”
They added these warning signs can no longer be
ignored and the Government must act to tackle some of the drivers of debt.
Income levels need to increase to combat poverty.
professor of social policy at the University of Birmingham, who co-authored the
“The government is saying that austerity is over but our research shows that millions of people are still struggling to pay essential bills. Much more needs to be done to increase income levels to help people make ends meet.”
Also, the number of individual voluntary arrangements, IVAs, an alternative to bankruptcy – is increasing in the UK. Last year there were around 70,000 IVAs, up from the 40,000 recorded in 2015
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“over 12 years of dedicated advice.”
“People struggling with debt should seek help as early as possible.”
This is good advice from a leading debt charity. Taking the first step is always difficult but it is vital. There is help out there and solutions that can help, but you need to take the first step towards getting good debt advice. We have listened to the stories of 1000s of people and are constantly striving to help them. It is our mission to explore all their options and find a solution to help them become debt free. And what’s more, we have helped 1000s to achieve their goals since 2007, over 12 years of dedicated advice.
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Taking that first step is not always easy but is a crucial step towards helping you to find financial freedom.