FT: "Nearly 3mn people fell into financial difficulty last year"

Access to credit and illegal lending

Individual

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      INTERPERSONAL    :     SCIENCES                   

HUMANISTIC  --------------------------------------  MECHANISTIC      

 SOCIOLOGY  :    POLITICAL 

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Group

study included an online survey 3,101  financially vulnerable people + nationally representative online study with a sample of 1,500 people	>20mn classed as vulnerable '44% of the UK adult population'
exclusion from financial services 'People with flaws in their credit scores, risk being excluded from affordable financial services, being forced to rely on subprime lenders.'	"the poverty premium costing the country a staggering £2.8bn per year." economic determinants of health 'We need to view financial inclusion as a key enabler of growth.'

Hickey, S. Nearly 3mn people fell into financial difficulty last year, Money, FTWeekend, 13 July, 2024. p.2. https://www.ft.com/content/9fa98712-b73e-4eac-ba5f-71d3bad13fa7

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