This latest report provides insight into the demographic and debt information of new clients who first received debt advice in June 2022. It also includes the latest insights on our website traffic trends.
Our key findings from June 2022:
- Among new debt advice clients, an ‘increase in the cost of living’ is now the single most cited reason for debt, with 18% citing this at advice. This has increased from 7% in September 2021.
- Clients who cited an ‘increase in the cost of living’ as a main reason for debt were more likely than the overall client population to be women, in a form of employment and single parents.
- The proportion of new clients in full time employment has also increased; 42% of new clients in June 2022 were in full time employment. This is four percentage points higher than in June 2021 (38%).
- While there have been some changes in the demographics and debt characteristics of the new client populations, the situations of new clients overall remained relatively similar to previous months and years. The charity continued to advise a greater proportion of single parents, renters, younger age groups and women compared to the wider UK adult population.
Take a look at the full report to find out more.