Millions of people in the UK are struggling to pay their bills, according to the City watchdog, which said a growing proportion of the population is having trouble making ends meet.
A survey by the Financial Conduct Authority (FCA) laid bare the impact of the cost of living crisis, saying about one in four (24%) of adults in the UK were either in financial difficulty or would fall into trouble if they suffered a financial shock.
The FCA found that about 7.8 million people were finding it a heavy burden to keep up with their bills, an increase of about 2.5 million people since 2020, as wage growth failed to keep pace with soaring inflation at 40-year highs, currently at 10.1%.
The FCA? Those are the people supposedly stopping financial sharks from ripping people off. What have they go to do with this sort of shit? And why in buggery are they spending money on surveys about it?