Nearly 60 per cent of households in East Midlands say financial situation is worse than 12 months ago

editorial image
0
Have your say

A new survey commissioned by the national charity Turn2us has found that almost three-fifths (59 per cent) of low income working households in the East Midlands feel their financial situation has worsened in the last year.

Despite signs of an improving economy, more than half (53 per cent) of those surveyed in this region are worried about their financial situation as they struggle with a combination of falling wages, shorter working hours and rising living costs.

The survey, released to coincide with Turn2us’ annual Benefits Awareness Month, has found that on average, working households in the East Midlands are forced to spend almost half of their monthly income on utility bills and food. Worryingly, more than a third (34 per cent) say their outgoings now outweigh their earnings.

 

Back to the top of the page