Friday 31 October 2014

Debts Spiral for Welfare Reform-Affected Tenants

Families hit by the coalition government’s welfare reforms have seen their average debt increase by more than 70% in just over a year, a study has found. Real Life Reform, a study by eight social landlords, has been tracking the impact of welfare changes on the lives of more than 70 tenants through a series of reports since last July. The latest report, based on interviews conducted in August, shows the average household debt of the tenants involved is now £3,931, up 71.8% from £2,288 since July 2013. Nearly half of these households (48%) don’t know when or if they will be able to repay what they owe. Download the report from the Liverpool Housing Trust website.

No comments: