The number of adults struggling this way is estimated to have increased by 3.1 million since May 2022, the Financial Conduct Authority (FCA) said, jumping from around 7.8 million (15%) in May last year to 10.9 million (21%) in January 2023.
The number of UK adults who had missed bills or loan payments in at least three of the previous six months is also estimated by the regulator to have increased by 1.4 million, from 4.2 million (8%) in May 2022 to 5.6 million (11%) in January 2023.
The regulator released the latest figures after gathering more than 5,000 responses as part of its UK-wide survey of people aged 18 and over.
This story is from the May 18, 2023 edition of The Herald.
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This story is from the May 18, 2023 edition of The Herald.
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