More evidence that most Britons are living on the financial edge | Debt Advice Foundation

More evidence that most Britons are living on the financial edge

There is more evidence that households are struggling to get by, with younger families suffering the most.  Almost a third of 18-34 year olds were more likely to have sold items online to make ends meet, and were twice as likely to take out a payday loan as other age groups according to a new survey.

The findings, which also suggested that 13 per cent of young people surveyed had skipped meals to save cash, come from the Centre for the Modern Family, a think-tank set up by life and pensions provider Scottish Widows.

There is more evidence that households are struggling to get by, with younger families suffering the most.  Almost a third of 18-34 year olds were more likely to have sold items online to make ends meet, and were twice as likely to take out a payday loan as other age groups according to a new survey.

The findings, which also suggested that 13 per cent of young people surveyed had skipped meals to save cash, come from the Centre for the Modern Family, a think-tank set up by life and pensions provider Scottish Widows.

For more on this story, go to http://www.centreformodernfamily.com/MediaCentre/PressResources/20FamiliesUnabletoCopeinDownturn26Jun12.aspx

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