Key facts and figures (latest data)
October 31, 2017• Rising inflation brought about by the Brexit vote’s impact on the pound has further reduced levels of real pay and placed more strain on household budgets.
• 13.5 million people – 21% of the population – were living in poor, low-income households in 2013-2014. By 2016 the figure had risen to 22%. Of these, 55% of those in working families are now living in poverty – a record high.
• In 2016-2017 the Trussell Trust provided three-day emergency food and support to more than 1.2 million people. In 2010-2011 the figure was just over 61,000.
• More than 1.5 million adults in the UK personally lacked access to a bank account in 2015-2016.
• In 2016 the savings ratio fell to a new low of 3.3%, compared to 11.5% in 2010.
• In 2017 21% of people said they would need to borrow money to meet a one-off expense of £200. 11% said they would not be able to meet this expense.
• The annual rate of growth in credit card lending is now at a higher level than at the peak of the financial crisis.
• In 2015 39% of the British public said it was ‘somewhat of a burden’ to keep up with bills and credit commitments. A further 10% said it was a ‘heavy burden’.
• Most people think the Brexit vote will have a negative impact on the economy, and one in five believe they are now more likely to lose their jobs.