Norfolk foodbank fears rising essential costs will push more into debt
The study of 2,000 people found that around a quarter (26%) of people said unexpected expenses kept setting them back
The head of a foodbank in Norfolk is telling us she worried that more people will be pushed into serious debts- due to essential costs showing no signs of coming down.
More than a fifth of people aren't feeling optimistic about their money- according to a new national survey- primarily due to rising bills and concerns around the economy.
The study- carried out by Moneybox involving 2,000 people across the UK also found that around a quarter (26%) of people said unexpected expenses kept setting them back.
It also found nearly half (48%) of people cited the increased cost of living as a barrier to achieving their 2024 financial goals.
Two-fifths (38%) had found it challenging to save regularly, and a fifth (21%) were living from one pay packet to another.
"She was saying that the beep of her pre-payment running out plays havoc with her mind"
Hannah Worsley works with the Trussell Trust's branch in Norwich:
"We met with a lady last year who is paying hundreds of pounds a month for her energy. She doesn't know why, as she doesn't run or operate anything excessively.
"So we're working with her and her energy company to work out what's happening there and how to get it reduced. She was saying that the beep of her pre-payment running out plays havoc with her mind.
"The warmer weather means that people aren't going to be spending as much money on things like heating. However, there's so many other things competing when it comes to people's budgets and bills.
"We, ourselves, are seeing that food bills are rising. People are either donating less items or the money that they give over isn't going as far anymore".
What's the Government said on this?
The Department for Work and Pensions says those struggling can apply for help through the Household Support Fund.