Median wages still languishing £20 a week below pre-financial crash levels, according to ONS
Household debt soared by a third to record levels in the past decade as workers struggled to cope with the impact of a prolonged squeeze on wages, a new report has said.
TUC analysis found that the average non-mortgage debt of a working family had hit £14,200 through an increased reliance on credit cards, bank loans, payday lending and other unsecured forms of borrowing.
Continue reading...from The Guardian https://ift.tt/36wgSWA
Larry Elliott
Median wages still languishing £20 a week below pre-financial crash levels, according to ONS
Household debt soared by a third to record levels in the past decade as workers struggled to cope with the impact of a prolonged squeeze on wages, a new report has said.
TUC analysis found that the average non-mortgage debt of a working family had hit £14,200 through an increased reliance on credit cards, bank loans, payday lending and other unsecured forms of borrowing.
Continue reading... https://ift.tt/eA8V8J November 05, 2019 at 02:01AM
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