Category Archives: Borrowing & debt

Seven in 10 UK workers are 'chronically broke', study finds

Economic insecurity is ‘new normal’, with only 30% saying they live comfortably

Economic insecurity has become the “new normal” in the UK with at least 70% of the UK’s working population “chronically broke”, according to a study by the thinktank the Royal Society of Arts.

Thriving, striving or just about surviving, the RSA/Populus survey of more than 2,000 workers, found that while about 30% of respondents said they lived comfortably, 40% said their finances were permanently precarious. The remaining 30% said they were not managing to get by.

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Source: gad