Many poorer families have faced a substantial rise in debt during the pandemic as they have found it difficult to cut expenditure as much their income has fallen, according to two reports published on Tuesday.
Research by the Resolution Foundation think-tank found the squeeze on family finances was greatest among poorer households, even though declines in income were spread evenly across income scale.
That financial pressure has compounded the debt problems already faced by poorer households, according to a separate study by the debt charity StepChange. It found that families more likely to have problem debt at the start of the pandemic have seen their incomes hit harder than those with fewer money problems in early March.
The reports complement an existing picture of people in lower wage and part time jobs finding they are most likely to be furloughed since the coronavirus crisis started.
In a special YouGov survey