Skip navigation
The Progressive Policy Think Tank
Donate
IPPR North IPPR Scotland

Helping households in debt

Household debt is increasing in the UK. The Covid-19 pandemic has created precisely the kind of shock that turns manageable debt into problem debt, and forces people to enter into debt, or increase their borrowing.

In this report, we examine how the financial impacts of Covid-19 may affect people in different demographic groups and regions and explore experiences of debt and household finance before and during the pandemic.

Across the UK, certain demographic groups are more vulnerable to financial difficulties as a result of the Covid-19 crisis. This includes people who were already worse off before Covid-19, showing another way in which the pandemic has deepened existing inequalities. We also found variations between UK regions in levels of pre-pandemic indebtedness and vulnerability to problem debt.

Our recommendations focus on actions to mitigate the impacts of the pandemic and to help people manage their finances. These should be read in the context of a view that the government needs to support adequate incomes through job protection and creation, and strengthening the social safety net.

Read more

We use cookies to help ensure you have the best possible experience when using our website. By continuing we will assume you agree to us storing cookies.