Published by: Christians Against Poverty
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Key Take Aways
The UK faces a looming debt crisis exacerbated by economic instability, rising living costs, and social vulnerabilities.
Over two-thirds of Christians Against Poverty (CAP) clients delay seeking debt help for over a year, with a quarter waiting more than three years.
Social issues such as mental health decline, family breakdown, domestic abuse, and social isolation are both causes and consequences of poverty, creating complex cases for debt advice.
Public service cuts, welfare reductions, and declining charitable support are weakening the social safety net for low-income households.
Low-income households are experiencing stagnant incomes against a backdrop of over 20% inflation in essentials like food and energy, reducing real purchasing power.
Many households borrow or default on bills due to rising costs, leading to increased debt levels, with energy debt more than doubling in three yea...
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