One in five people think they will end up in debt this year and won't be able to pay it back, a survey has found.
With energy bills and council tax set to rise from April, debt charity StepChange found 42% of people think they will struggle to pay these bills. The debt charity wants the government to increase benefits by at least 7% in April to try to match the rate at which prices are rising in the economy, and give more funding to local councils to support people with vouchers, grants or discretionary payments to cover essential bills.
If energy bills hit £3,000 per year - which the industry has suggested could happen - the most financially vulnerable households will be spending £1 in every £6 they earn on energy costs.
Cost of living: One in five expect to go into debt this year, survey says - BBC News
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