A comparatively excessive proportion of girls and youthful adults are in search of assist with their money owed, in accordance with a charity.
Greater than three in 5 (63%) new shoppers are ladies, StepChange Debt Charity stated.
Purchasers aged between 25 and 44 are additionally over-represented, making up 60% of the shopper base, it added.
Total, practically one in three (32%) individuals getting assist from StepChange Debt Charity final 12 months have been in a adverse price range – the place that they had more cash going out than coming in.
The proportion of shoppers receiving Common Credit score, at 37%, elevated by three proportion factors in 2023 in contrast with 2022, and StepChange stated it continues to see renting as the commonest housing tenure amongst shoppers (64%).
The typical month-to-month quantity out there to shoppers for debt reimbursement (their surplus) fell from £69 in 2022 to £53 in 2023.
Over the previous 12 months we have actually begun to see the affect of the cost-of-living disaster take maintain
Vikki Brownridge, StepChange
Value-of-living pressures have been the commonest purpose for debt, cited by 1 / 4 (25%) of individuals in search of assist.
The typical quantity of family arrears amongst StepChange shoppers elevated to £3,124 in 2023, up from £2,833 in 2022.
Typical unsecured (non-mortgage) debt amongst shoppers reached its highest stage since 2013, standing at £14,654 in 2023, up from £13,563 in 2022.
This rise has primarily been pushed by increased quantities of bank card and private mortgage money owed, the charity stated.
In 2023 the charity offered full debt recommendation to 183,403 shoppers, which is a rise of 10% year-on-year.
Vikki Brownridge, chief govt at StepChange Debt Charity, stated: “Over the previous 12 months we’ve actually begun to see the affect of the cost-of-living disaster take maintain. Notably amongst these on low incomes, family monetary insecurity is a rising menace.
“Each an increase in family arrears and unsecured debt quantities suggests these struggling are turning to credit score to cowl their necessities greater than ever.”