• Advertise
  • Newsletter
  • Magazine
  • Important Dates
  • About
  • Trust
  • Survey
  • Contact
  • Support Us
01295 367 008
No Result
View All Result
Read This Magazine
  • Culture
  • lifestyle
  • Food & Drink
  • Reviews
  • Culture
  • lifestyle
  • Food & Drink
  • Reviews
No Result
View All Result
Read This Magazine
No Result
View All Result
  • Advertise
  • Newsletter
  • Magazine
  • Important Dates
  • About
  • Trust
  • Survey
  • Contact
  • Support Us
Home Culture Community

37% of Adults are just £20 from Crisis!

Read This Magazine by Read This Magazine
4 July 2023
in Community, Culture, Education

New analysis from Citizens Advice has revealed the stark reality of people’s finances as they head into 2023.

Research from the charity shows more than one in three UK adults (37%) say they’d find it difficult or impossible to cover even a £20 increase to their monthly outgoings. This equates to 17.7 million people in England and Wales.

This figure is particularly high for some groups, including 58% for people in receipt of benefits, 57% for people on prepayment meters and 47% for people of colour.

Last month, Citizens Advice supported record numbers of clients to access crisis support like food bank referrals and emergency charitable grants. It warns that many more will be pushed to the financial brink in the coming months due to a triple whammy of soaring energy bills, inflation and interest rates.

People are resorting to desperate measures to get by.

The charity’s new analysis found one in four people (23%) have spent more money on essentials than they’ve had coming in over the last three months, with many resorting to short-term fixes to get by. However, two in three (67%) reported they could only keep this up for less than six months without additional support.

Citizens Advice also found that overall, one in three (33%) UK adults has had to dip into their savings in the last three months to make ends meet. More than half of this group (56%) have either already run out of savings, or expect to do so within the next three months – further highlighting the need for additional support measures to help keep people afloat.

Worryingly 15% of UK adults have reported eating cold meals this winter to reduce their electricity costs. The impact on people’s mental health has also been profound with 28% of adults losing sleep each week over their financial situation.

Intervention is key. It is absolutely vital support continues to reach those on benefits and others struggling with energy costs. This is where each local Citizens Advice charity plays a significant role by using our data to stand up for the people we support.

Collectively, Citizens Advice are calling for a clear plan from the government on how to target support in a sustainable way to those who are currently just about scraping by, but who could fall into hardship as the cumulative strain of rising costs takes its toll.

Pat Coomber-Wood, Chief Executive of the Citizens Advice charities delivering services in Cherwell and rural West Northants, said:

“So many households are at financial breaking point. People are running down savings, going without bare essentials and turning to food banks to get by. Many are concerned about being able to keep a roof over their head. Many are working families or pensioners who simply cannot cut back any further without risking health and wellbeing. Some have never needed to use advice services to manage their financial situation before and don’t even know where to start.”

If you find yourself in need of any kind of help you may be able to find answers on our national information website www.citizensadvice.org.uk.

Our local website www.canosn.org.uk has information about how we can help if you need more support. You can also call our Adviceline on 0808 278 7906. The call is free from a landline or a mobile but please be patient – we are incredibly busy.

If you would like to become a volunteer to help us do more to help the local community then please look at the volunteers section on our local website to see the opportunities that are available and complete a Volunteer Expression of Interest form.

As a charity, donations enable us to help more people. If you wish to make a donation you can find details of how to do this on our website, or cheques can be sent to Citizens Advice North Oxfordshire, 26 Cornhill, Banbury OX165NG.

RelatedPosts

Gold, Glory and a Classic Icon
Culture

Gold, Glory and a Classic Icon: Spotlight on Three Remarkable Lots from JS Fine Art’s June Auction

18 June 2025
Alans Africa Rotary year
Charity

Alans Africa: Kono Town Primary school

16 June 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Newsletter

Join Our Newsletter
  Thank you for Signing Up
Please correct the marked field(s) below.
1,true,6,Contact Email,2
Gold, Glory and a Classic Icon

Gold, Glory and a Classic Icon: Spotlight on Three Remarkable Lots from JS Fine Art’s June Auction

by Read This Magazine
18 June 2025

When it comes to uncovering treasures — whether timeless heirlooms, historical artefacts, or vintage engineering marvels — few places compare...

Pilates core strength features

Why Pilates Is the Core Workout You Didn’t Know You Needed

by Read This Magazine
18 June 2025

Pilates may be low-impact, but it packs a powerful punch when it comes to improving your core strength, flexibility, posture,...

household items that take longest to biodegrade

Common Household Items That Take Centuries to Biodegrade

by Read This Magazine
17 June 2025

When we think about reducing our environmental impact, most of us focus on recycling and cutting down on single-use plastics....

Start Saving for Christmas Feature

How to Start Saving for Christmas Now – And Avoid the January Money Squeeze

by Read This Magazine
16 June 2025

It might seem early to start thinking about Christmas when summer’s only just begun, but the truth is, now’s the...

Newsletter

Join Our Newsletter
  Thank you for Signing Up
Please correct the marked field(s) below.
1,true,6,Contact Email,2
Read This Magazine

© 2023 Read This Magazine

Navigate Site

  • Business Terms & Conditions
  • Site Map
  • Privacy Policy
  • Cookies Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Local Adverting in Banbury, advert in magazine
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
No Result
View All Result
  • Advertise
  • Newsletter
  • Magazine
  • Culture
    • Charity
    • Community
    • Education
    • Entertainment
    • Events
    • Film
    • History
    • Interviews
    • Music
    • Reading
  • Lifestyle
    • Beauty
    • Environment
    • Fashion
    • Finance
    • Gardens
    • Health
    • Homes
    • Motors
    • Parenting
    • Pets
    • Sport
    • Tech
    • Travel
    • Wellbeing
  • Food & Drink
    • Baking
    • Recipes
    • Restaurants
  • Reviews
    • Books
    • Product
  • Important Dates
  • About
  • Trust
  • Survey
  • Contact
  • Support Us
01295 367008

© 2023 Read This Magazine