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Household finances in the UK are now so stretched that
over a third of the adult population (36%) believe a rise in
monthly outgoings of £50 or less would push them to financial
breaking point. Of these, one in five say they are now
sitting on the brink, finding it impossible to meet their monthly
bills and costs.
The figures are taken from the MoneySupermarket.com
Affordability Tipping Point research, which measures the 'pounds
and pence' point at which household outgoings rise to overtake
income. The report also reveals that people in the UK have, on
average, seen their household outgoings rise by £56 a week over the
last six months, suggesting that this £50 monthly 'tipping point'
limit could literally be just around the corner for millions as the
cost of living continues to rise.
The study also reveals the following trends:
If you are struggling to make ends meet, use the Turn2us Benefit Calculator to check your
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Grants Search to see if you would be eligible for a grant from
a charitable fund, depending on your personal circumstances,
background and needs.
The Turn2us website's Information and
Resources section that contains comprehensive information about
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Read the Money Supermarket.com press release (link opens in a new
Telegraph article (link opens in a new window)
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