Debt and the family series – Report 1

National debt charity Consumer Credit Counselling Service (CCCS) commissioned a series of three reports called Debt and The Family which will look at the impact of debt and changing economic conditions on financially vulnerable households in the UK. This first report – Debt and Household Incomes – looks at the position of the two main groups of households who seem most at risk – benefit reliant/ lowest income households and lower-medium income households (sometimes referred to the ‘squeezed middle’). The focus is on household incomes as this determines levels of debt and ability to service debt costs. However, we have also looked at the position of specific groups in society such as lone parents, the unemployed, households who rent, and consumers with low levels of financial capability as this can be a more effective way of structuring any necessary policy interventions. (Financial Inclusion Centre, 2011)

Download publication below

Tagged with