Strength Against Shocks: Low-income families and debt
ippr’s innovative research with 58 low-income families in London, Newcastle, Nottingham and Glasgow aimed to understand what the expansion of household debt has meant for the lives of low-income families.
The current economic crisis has cast a sharp light on broad cultural trends across all income groups. Consumer-led aspirations and a national obsession with home-ownership are deepseated cultural developments with both social and economic drivers. But for many families, having access to products and homes means relying heavily on debt.
In the decade to 2008, average household debt in the UK increased substantially – from 93 to 161 per cent of disposable income. The profile of borrowers widened to include lower income groups, which some suggest has led to greater opportunities for social and economic inclusion. But low-income households are the ones that are most vulnerable to debt problems, and ippr’s new research illustrates that our reliance on debt – far from creating opportunity – has created vulnerability during this recession.
This report is based on in-depth interviews, an income and expenditure diary and regular telephone conversations over four months which explored patterns of income, spending and borrowing.
Dalia Ben-Galim, Associate Director for Families and Work
You may be interested in...
IPPR in the news
Ministers are 'not trusted'
Daily Mirror - 14 Apr 2014A real alternative to loan sharks
Sunday People - 14 Apr 2014Politicians of all stripes suffer sharp fall in trust
Telegraph - 14 Apr 201436% have faith in the parliamentary system
Metro - 14 Apr 2014
Labour pledges to introduce Regional Ministers
ITV News - 09 Apr 2014Putting the voice of English regions at the heart of decision-making
The Independent - 09 Apr 2014Labour's plan to 'bust open' civil service
Guardian - 09 Apr 2014Young electorate showing disenchantment with today’s politics
Financial Times - 08 Apr 2014
Labour's plans to boost Whitehall diversity
Evening Standard - 07 Apr 2014Dugher plan to 'bust open' Whitehall to 'working class'
BBC News Website - 07 Apr 2014Dugher will announce higher diversity targets for civil service
Independent on Sunday - 07 Apr 2014Tim Finch on The Big Migration Debate
BBC World Service - 07 Apr 2014
Michael Dugher: We need a more representative civil service
Mirror - 07 Apr 2014Politicians don't care about young people
Huffington Post - 07 Apr 2014Spencer Thompson on European jobs and skills (8min 30)
BBC World Service - 04 Apr 2014Graeme Henderson on greater collaboration between Scotland and North (1hr 36)
BBC Radio Cumbria - 04 Apr 2014
Summit will address funding for NW creatives
Manchester Evening News - 03 Apr 2014The UK's future lies in well-skilled work
The Guardian - 02 Apr 2014Hancock unveils 77 new tech levels at European Jobs and Skills Sumit
FE Week - 02 Apr 2014It’s not just prison books that are under threat, it’s British justice
The Telegraph - 02 Apr 2014