High levels of debt on essential UK bills are the ‘new normal’, warn campaigners
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High levels of debt on essential bills have become the ‘new normal’ for many low-income households in the UK, according to the charity StepChange. Average arrears for housing, utilities, and council tax have all increased over the past year. This trend reflects the financial strain that many families are experiencing due to rising prices and economic instability, exacerbated by the ongoing crisis in the Middle East.
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The increase in arrears comes at a time when inflation and cost of living pressures are affecting households across the country. With essential goods and services becoming more expensive, many families are forced to prioritize immediate needs over long-term financial stability, leading to a cycle of debt that is difficult to escape.
This article reflects the views of the charity StepChange and may not represent the views of all financial experts.
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