Average Bolton family ‘needs £6 more a month’ to live
6:00am Saturday 31st August 2013 in News
FINANCIALLY squeezed households in Bolton are struggling to cover the cost of everyday living, a debt charity claims.
StepChange says Bolton residents contacting its helpline are falling an average of £6 short a month of what they need to cover their essential living costs. During the first six months of this year, 462 people from Bolton contacted the helpline about their debt problems, which included credit cards, personal loans, payday loans and other debts.
On average they owed almost £13,918, compared to the national average of £14,092. Frances Walker of StepChange said: “A combination of stagnating incomes and spiralling living costs has tipped many households over the edge into unmanageable debt. Too often those in financial difficulty wait almost a year before seeking advice and in that time their position has deteriorated.
“It is crucial that anyone who finds themselves in this position should seek advice and support at the earliest opportunity.”
StepChange offers free and confidential debt advice and can be contacted on 0800 138 1111.
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