In the red: households with more debt than money
08 Tuesday Jul 2014
Posted in Uncategorized
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And with so little savings if anyone loses their job or interest rates rise as Mark Carney predicts…
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the trouble is many had ‘affordable ‘ debt (as if debt ever is). Then they lost their jobs, becoming unemployed/sick/disabled. We are waking up and smelling the cost of living ‘Thatcher’s dream’ of unending consumerism. People quickly need to prepare and clear debt and seek the help of debt management (stepchange or CAB ) if they are starting to experience difficulties.
Well, my debts far outweigh my assets- mainly because of low-paid part time work while raising my two children as a single parent.
We bailed out the banks, how about Labour committing to bailing out those with personal debt?