The number of households struggling under a heavy debt burden has increased by two thirds since 2017, a debt charity has warned.
Around 12.8 million adults in the UK are falling behind on bills or finding their repayments a heavy burden, according to Debt Justice.
The charity’s research was based on the Financial Conduct Authority’s Financial Lives survey.
Heidi Chow, executive director of Debt Justice, warned that households were facing a ‘debt crisis’.
‘The Government is turning a blind eye to the colossal household debt crisis that is engulfing millions of people at breakneck speed,’ she said.
‘Instead of ignoring the problem they need to raise incomes, boost the protections for people in arrears and write off the unpayable debts to give everyone that needs it a fresh start.’
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