UK Household Debt
The cost-of-living crisis and the pandemic before it has been the biggest shocks of our generation. The past few years have been stressful for all of us.
For millions, bills and other expenses have shot up and for many the pressure is now unbearable.
We are in a personal debt crisis. Nearly ten million people are heavily in debt in the UK, rent debt, credit cards, and utility bills have all piled up 2.4 billion owed in energy debt alone.
This is a crisis created in Westminster, but it is our communities that are paying the price.
Already, the system wasn’t fair. Bad jobs, low wages, and the government’s lack of a proper safety net pushed many people in to debt, and the cost of living crisis has turbocharged it
Millions are being forced to borrow, delay and juggle payments to make ends meet and once people are pushed into debt it can be difficult to get out.
We have the solutions to the crisis, but we will only win if we can come together to change the rigged system that benefits lenders, collectors, and bailiffs at our expense.
Solutions:
We need to repair the foundations of our broken economy, make it easier for people to get out of debt if it builds up and write off unsustainable debt so that everyone can get a fresh start and rebuild their lives.
What you can do right now:
- Add your name to our People’s Manifesto on Debt
- Read the Together Against Debt – People’s Manifesto and hear what people in debt have to say to the next government.
- Read our supporter briefing to learn more about the causes and consequences of the UK’s personal debt crisis and how we can turn the tide and stop debt ruining lives
- If you want to get more involved, join the Debt Justice Activist Network to access events, political education opportunities, and online resources.
Debt advice:
Debt Justice is focused on campaigning and advocacy on debt issues. Unfortunately we cannot provide advice on personal debt problems so if you are facing personal debt issues, we recommend getting in touch with one of these free services, who will be able to help.