‘It looks like a real problem’: 16% of Britain’s poorest households are falling behind on debt repayments
|01/16/2018||Posted by BusinessMediaguide.Com under General World News||
- The IFS has sounded a warning over poor households who are falling behind on bills and debt repayments
- Those households appear to be struggling with “problem debt” which is swallowing huge chunks of their income —around a quarter of the lowest-income households are struggling with repayments.
LONDON — Most of Britain’s consumer debt pile is manageable, but poor households falling behind on bills and debt repayment represent a growing cause for concern.
That’s according to a report by the Institute for Fiscal Studies, which found that Britain’s poorest households appear to be struggling with “problem debt” which is swallowing huge chunks of their read more >>>