Tuesday, 30th January 2018
Teetering on the brink?
Are you chronically broke?
It’s a more common condition than you might believe according to the Royal Society of Arts (RSA) thinktank….
A recent study conducted by the RSA concluded that 70% of Britain’s working population suffers from it….
This 70% can be broken down into two smaller groups – the 40% who said their finances were ‘permanently precarious’ and the 30% who said they were ‘not managing to get by’….
- One step from disaster….
The RSA study also reveals that 32% of British workers have less than £500 plugged away for a rainy day….
And that 41% have less than £1000 hidden under the mattress….
Almost 30% are concerned about the levels of debt they are currently shouldering….
And 43% of workers report that they don’t have anyone in their household on who they can depend to support them through a period of financial hardship….
Taken together, the figures serve to paint a grim picture of a society in which millions of people are one unexpected event away from financial disaster….
A broken boiler…. a knackered gearbox…. the need for some complex dental work…. It seems these or other potentially expensive scenarios could tip millions into a financial situation they are not funded to handle….… Click here to read more