Saturday, Sep 05, 2009
Were not home and dry yet!!
Telegraph: Debt inquiries to Citizens Advice hit record 9,000 a day
The total number of cases handled in the three months to the end of June was 1.67m, a rise of 17pc on the same period last year. The service, which was launched 70 years ago today, said it was dealing with 9,300 new debt problems and 8,000 new benefit problems every working day. Within the total, Citizens Advice said enquiries about job seekers' allowance had doubled, while redundancy-related problems were up by three-quarters due to rising unemployment. It has also seen a 44pc rise in the number of people with mortgage arrears and a 53pc jump in the number of people struggling to pay their fuel bills. Since the turn of the millennium demand for specialist money advice had escalated, as the credit boom led to rising numbers of people having increasingly complex debt problems.
2 Comments
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1. mrflibble said...
And this is the backdrop we currently have in the UK to our rising house price fantasy.
I wonder how many of the people turning up at the CAB's were the ones throwing around money they didn't have to buy overpriced houses they could ill afford. Do we now save these people and let the train wreck roll on, or do we kick them to the curb, let the crash happen, and allow the prudent a bite at this housing Cherry?
Vote Gordon, vote train wreck...
2. sovietuk said...
9,000 calls a day. That's 2.3 million a year (252 working days x 9,000). Hang on a sec that's 1 in 20 of the working age population. Over 5 years 1 in 4 of the working age population. What's going on out there? Lots of people in a pickle.