#RaiseTheLevy
CfRC research on debt needs shows roughly 13m need debt advice #RaisetheLevy
In a cost of living crisis help to manage debts is vital to ensuring millions don’t get caught in a cycle of harm they cannot escape - with BNPL lenders not yet contributing to the fund to provide this we can do more to hold them to account for the damage they do. www.instagram.com/reel/DDHoeeC...
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December 3, 2024 at 2:27 PM
@moneypensionsuk.bsky.social has underestimated the true extent of Britain's debt problems. Our new analysis finds one in four adults in clear need of debt advice, equating to 13.5 million people - 5 million more than the MaPS estimate. It's time to #RaiseTheLevy bit.ly/4fTxE57
The need for debt advice and the challenges ahead
In 2021, the Money and Pensions Service ('MaPS') changed the way it estimated the number of people in need of debt advice. Undertaking secondary analysis of the MaPS 'Debt Need Survey' for 2023 we fin...
bit.ly
December 3, 2024 at 7:35 AM