Director of Fair By Design, Lucie Russell, comments on BBC news story on Credit Unions.
People are living on the edge, and the banks and government need to recognise that and shift their services accordingly.
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I pay more for my contents insurance because I can only afford monthly instalments rather than paying less in one lump sum.
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3 days ago
ICYMI: New @StepChange research:
1⃣11m people haven't recovered from a pandemic income shock
2⃣10m people have signs of £ difficulty
3⃣2.4m are experiencing problem debt - 80% had an income shock
4⃣1.7m have run down savings
Read about the 'Financial long Covid'⬇️ https://t.co/w0tXzKu1It
ICYMI: New @StepChange research:
1⃣11m people haven't recovered from a pandemic income shock
2⃣10m people have signs of £ difficulty
3⃣2.4m are experiencing problem debt - 80% had an income shock
4⃣1.7m have run down savings
Read about the 'Financial long Covid'⬇️ https://t.co/w0tXzKu1It
