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    Uk Households 'borrowing To Eat'

    wiseguy May 5, 2013

    1. wiseguy

      wiseguy Chataholic

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      One in five UK households borrowed money or used savings to cover food costs in April, a Which? survey says.
      It suggests the equivalent of five million households used credit cards, overdrafts or savings to buy food.
      The consumer group runs a monthly insight tracker survey focused on spending and behaviour - 2,000 people took part in its poll.
      Which? executive director Richard Lloyd described the findings as "simply shocking".
      The figures come despite official statistics last week showing that personal insolvencies have dropped to their lowest levels in five years.
      Of the households covered by the Which? survey, 43% were headed by people between 30 and 50, and just under half had incomes under £21,000
      http://www.bbc.co.uk/news/uk-22417334
       
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    2. MsPJ

      MsPJ Ms Biscuit

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      Very sad .i think everyone struggles Ian..even those that do work...times are tough for most .
       
    3. Shortie861

      Shortie861 Administrator Staff Member

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      So sad to see this indeed, times really are tough right now and even working can still lead to people having to find ways to live which is a sad state.
       
    4. jnugget

      jnugget Regular Chatter

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      had to do this myself unfortunately
       
    5. Shortie861

      Shortie861 Administrator Staff Member

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      I am sorry to hear that Jay, it's awful. Nobody should have to feel like they have no other choice but to borrow to be able to eat. It's shocking to see how bad things are getting.
       
    6. jnugget

      jnugget Regular Chatter

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      well the cost of living goes up and up but wages ect stays the same
       
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