Woman's debts reach £26k as she battles poverty
Summary
A charity report shows that people in the South East of England have an average debt of £14,000, which can take about 10 years to repay. A woman named Gaynor Lake had debts of £26,000 due to rising bills and poverty, but a debt relief program has helped her start managing her money better.Key Facts
- People in the South East region owe an average of £14,000 each in debt.
- Christians Against Poverty (CAP) helps people with debt through local churches.
- On average, it takes 10 years to repay this level of debt.
- Gaynor Lake’s debts reached £26,000 after a period of rising household bills over 10 years.
- Gaynor used a Debt Relief Order to reduce her debt and begin rebuilding her finances.
- The government says household incomes have increased, poverty among children has dropped, and food bank use has fallen.
- The government is working to reduce poverty by raising the National Living Wage and increasing Universal Credit payments.
- The Child Poverty Strategy aims to lift 550,000 children out of poverty by 2030.
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