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Over one third of people in the UK cannot meet unexpected expenses

by on 17 January, 2013

Business people standing on coins

There have been significant changes to what people can afford to spend during the recession, according to a new report by the Office for National Statistics (ONS).

The report, Poverty and Social Exclusion in the UK and EU, 2005-2011, says that, although overall levels of severe material deprivation in the UK have changed little in recent years the percentage of people in the UK who say they would be unable to meet an unexpected, but necessary financial expense has markedly increased since the start of the economic downturn, up from 26.6% in 2007 to 36.6% in 2011.

Picture Source: Microsoft Office Online

Text Source: ONS

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