UK's Emerging Debt Crisis

What is the main issue that the UK is currently facing?

• Hike in energy bills

• Rising cost of living

• Food shortage

• Increase in unemployment

What percentage of people borrowed money to pay for food and energy bills in the last six months?

• 25%

• 50%

• 75%

• 100%

What are some ways people are managing their monthly outgoings?

• Using overdrafts and credit cards

• Borrowing from friends and family

• Cutting back on expenses

• Increasing their income

What is the main concern for people in debt?

• Managing their finances

• Finding a job

• Paying off their debts

• Maintaining their mental health

What was the interest rate on the loan Carly borrowed from Loans To Go?

• 10%

• 50%

• 100%

• 200%

What is the main reason people borrow from loan sharks?

• To cover everyday living costs

• To invest in businesses

• To buy luxury items

• To pay off existing debts

What is the main concern for debt advisors?

• People going bankrupt

• People relying on credit

• People losing their homes

• People facing legal action

What is the main reason for Matina's debt?

• Unpaid fines

• Rent arrears

• Energy bills

• Council tax arrears

What is the attachment of earnings order?

• A way to deduct money from wages to pay off debts

• A court order to seize assets

• A warning from the council

• A request for additional income

What is the predicted outcome of the cost of living crisis?

• Increase in poverty

• Decrease in unemployment

• Stabilization of living standards

• Reduction in debt