The COVID-19 pandemic has impacted each of our lives in a significant way, yet sadly, many have experienced disproportionate levels of hardship. Even before the pandemic, we(CAP) knew that people in debt were struggling on a low income, going without food, experiencing poor mental health, and feeling isolated.
2020 is no different, in the report we found:
- 84% of CAP clients have an income lower than the national average.
- 62% borrowed money to pay another bill or debt.
- Household peak debt hit a record high of £17,917.
- 58% said that they had nobody to turn to when they had a problem.
- 28% of CAP clients had considered or attempted suicide as a way out of debt.
You can read the report here.