The October debt statistics compiled by The Money Charity have been released. Let’s take a look at them.
There is a shift happening, albeit a small shift. Whilst on the surface, the figures do not look too different from the last few published statistics, there is movement. Unfortunately this movement is towards one where life is significantly more expensive.
Personal debt has risen. Unemployment figures that have been released seem to be positive, yet the redundancies figures are slowly rising. Due to the effects of Brexit, the ongoing global uncertainty with the pandemic and the rising prices of gas, we are looking at a situation where costs will increase and household budgets will be further tightened.
If the effects of the pandemic have had a negative impact on your financial standing, feel free to call us for a discussion on what debt solutions could be available to suit your personal situation.