Wednesday, July 06, 2022

In arrears

In June an estimated 2.1m households missed or defaulted on at least one mortgage, rent, loan, credit card or bill, according to the consumer group Which?.

This figure has been above 2 million every month so far this year, it said.

Rocio Concha, Which?’s director of policy and advocacy, said it showed that a “relentless cost of living crisis is continuing to put huge pressure on household finances. These pressures are especially apparent among the most financially vulnerable..."

Cost of living: 2m households missed bill every month this year | UK cost of living crisis | The Guardian

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