{"id":23657,"date":"2016-08-23T06:01:17","date_gmt":"2016-08-22T23:01:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-than-1-5-million-uk-households-in-extreme-debt-says-tuc-report\/"},"modified":"2016-08-23T06:11:54","modified_gmt":"2016-08-22T23:11:54","slug":"more-than-1-5-million-uk-households-in-extreme-debt-says-tuc-report","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-than-1-5-million-uk-households-in-extreme-debt-says-tuc-report\/","title":{"rendered":"More than 1.5 million UK households in extreme debt, says TUC report"},"content":{"rendered":"


\nBritain in the Red study finds that people are struggling to make repayments as wages have fallen since financial crisisAbout 1.6 million UK households are living in extreme debt, according to a report by the TUC, which says official figures underestimate the intense burden of repayment on many families and individuals.Contrary to official data, which suggests that households have been repaying debt accumulated before the financial crisis, the Britain in the Red report says households are finding it harder than ever to cope as wages have fallen. Continue reading…
\n
\nSource : theguardian.com
\nRead more…More than 1.5 million UK households in extreme debt, says TUC report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Britain in the Red study finds that people are struggling to make repayments as wages...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-23657","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-69z","jetpack-related-posts":[{"id":76804,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/quarter-of-uks-poorest-households-are-getting-deeper-in-debt-ifs-warns\/","url_meta":{"origin":23657,"position":0},"title":"Quarter of UK's poorest households are getting deeper in debt, IFS warns","date":"January 16, 2018","format":false,"excerpt":"\r Poorest households are spending 25% of monthly income servicing debts as UK borrowing rocketsOne in four of Britain\u2019s poorest households are falling behind with debt payments or spending more than a quarter of their monthly income on repayments, according to a study.The latest evidence of mounting debt problems for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33222,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-inflation-and-rising-debt-threatens-millions-in-uk\/","url_meta":{"origin":23657,"position":1},"title":"Higher inflation and rising debt threatens millions in UK","date":"November 6, 2016","format":false,"excerpt":"\r Experts warn of imminent fall in living standards due to sharp fall in value of pound after referendumUK households should brace themselves for a combination of rising inflation, low pay and increased debt that will squeeze living standards next year and push more people into financial difficulty, experts have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71236,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mps-launch-inquiry-into-household-finances-as-200bn-debt-pile-looms\/","url_meta":{"origin":23657,"position":2},"title":"MPs launch inquiry into household finances as \u00a3200bn debt pile looms","date":"November 8, 2017","format":false,"excerpt":"\r Treasury select committee, chaired by Nicky Morgan, will look at borrowing and whether consumers are saving adequatelyMPs have launched a formal inquiry into household finances, as personal debt hits levels unseen since the financial crisis. The Treasury select committee will examine the debt levels of UK households as well\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43637,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/are-car-loans-driving-us-towards-the-next-financial-crash\/","url_meta":{"origin":23657,"position":3},"title":"Are car loans driving us towards the next financial crash?","date":"February 10, 2017","format":false,"excerpt":"\r Fears are being raised that a boom in personal contract plans is fuelling another colossal build-up of debt in UK and US A huge increase in the amounts borrowed by already-indebted households in Britain and the US to buy new vehicles is fuelling fears that \u201csub-prime cars\u201d could spark\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137420,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/millions-are-facing-soaring-mortgage-rates-how-did-we-leave-them-so-vulnerable-will-hutton\/","url_meta":{"origin":23657,"position":4},"title":"Millions are facing soaring mortgage rates. How did we leave them so vulnerable? | Will Hutton","date":"June 18, 2023","format":false,"excerpt":"\r Homeowners in Britain are especially at risk because of a shortage of long-term loans. The sooner the Bank of England acts to fix this the betterThere is a cross-party consensus that Britain as a property-owning democracy should promote home ownership. 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