Sharp rise in UK consumer debt among less well-off, thinktank warns

  The Guardian 

Image source : theguardian.com
Resolution Foundation says increasing reliance on credit cards and overdrafts is storing up problems Low-income households have recorded a sharp rise in the use of potentially expensiveconsumer debt over the past decade and are now vulnerable to unexpected hard times, a thinktank has said. While the Resolution Foundation dismissed fears of a debt crisis as overblown, it said the increasing use of credit cards, store cards and overdrafts by those struggling to make ends meet should concern policymakers. Continue reading...

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