StepChange Report – Stormy Weather: Covid and Debt
Industry News | 12/04/21
StepChange Debt Charity published a report Stormy Weather: Covid and Debt.
The report looks at the impact of the Covid-19 pandemic on financial difficulty in January 2021. StepChange found that, since the start of the pandemic, 11.3 million people have experienced a fall in income that affected their ability to meet day to day costs (and their income had not recovered in January 2021)
Other findings include that, due to falling incomes, 1 in 5 of those affected has fallen behind on at least one household bill; most often council tax, utilities or rent. Hardship has also been experienced by 29% of those who experienced a fall in income, including skipping meals, rationing utilities or going without clothing or footwear appropriate for the weather.
