[INSIGHTS]: Using Claimant Data For Actionable Insights

LINK: Using Claimant Data For Actionable Insights
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Rising water bills spell trouble for debt-laden consumers, analysis reveals.
Summary
In a recent analysis by Registry Trust, the spotlight turns to the financial strain on consumers, particularly with the impending 7.5% hike in water bills come April 2023. The study highlights an alarming trend, using the Consumer Prices Index with Housing costs (CPIH) and consumer CCJ data, pointing out a 31% surge in consumer judgments' total value in the last quarter of 2022. The absence of comprehensive claimant data, especially from England and Wales, hampers a full understanding of the debt landscape. However, insights from Scottish and Northern Ireland data reveal significant debts owed to water suppliers, underscoring the utility sector's role in the growing consumer debt crisis.
Key Points and Ideas

Consumer financial struggles are escalating, particularly due to rising living costs.
A 7.5% rise in water bills is anticipated from April 2...