Posted 12/4/2023, 2:31:00 AM
UK Households Struggling; Nearly 10% Miss Essential Bill Payments Amid Soaring Costs
- Nearly 10% of UK households missed paying an essential bill in November, the highest level since April 2020
- 2.8 million households estimated to have missed a major bill payment over that period
- 57% of surveyed households made financial adjustments to stay afloat, like cutting back on essentials or dipping into savings
- 16% skipped meals due to high food costs, 8% prioritized meals for other family members
- Consumer group Which? calls on businesses to do more to help struggling customers amid rising costs