FT商學院

Credit crunch: how the cost of living crisis is pushing households to breaking point

Not-for-profit lenders are struggling to meet unprecedented demand from the poorest as they seek loans to cover basic costs

Russell Anderson is a man who has learned to live within his humble means. After a chronic illness forced him to retire as a coach driver three years ago, he managed to stretch his benefits to cover his bills, including rent and fuel.

Increasingly, he has found that balancing act harder to juggle. Anderson, who lives in rural Scotland, says the surging cost of fuel has made it too expensive to drive to his nearest Aldi, the low-cost supermarket he can afford, meaning he has to take a circuitous bus ride instead.

When his cat fell sick unexpectedly, there were more bills to pay. “I went to the vets, spent £170, and he came back even more sick,” says Anderson. He had nothing left to cover the bill that would have ensured the proper handling of his pet’s remains after it was put down.

您已閱讀5%(791字),剩餘95%(14382字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。
版權聲明:本文版權歸FT中文網所有,未經允許任何單位或個人不得轉載,複製或以任何其他方式使用本文全部或部分,侵權必究。
設置字型大小×
最小
較小
默認
較大
最大
分享×