This report examines household financial resilience, its links with income, credit use and over-indebtedness. The report looks at these issues in relation to three identified at risk groups; the self-employed, those on variable incomes and students. Against these groups the report makes policy recommendations to help encourage saving and reduce personal unsecured debt. The report then looks at innovations which are taking place specifically in the ‘fin tech’ sector which offer huge potential.
Report by ACCA – Association of Chartered Certified Accountants, www.accaglobal.com