The cost of living is ‘crushing’ people on low incomes, a report from a poverty charity reveals.
People in low income households may fall into debt for a number of reasons within the current financial climate.
Either they have been made redundant, have left a job to care for a family member or experienced a relationship breakdown, the strain is said to be relentless as cost-of-living continues to rise.
Ken Evans, Bracknell's Debt Centre Manager, says, “We know that everyone’s feeling the impact of the cost-of-living crisis right now, but if you’re already on a low income, the strain is relentless - plus there’s the added anxiety over future rises in living costs.”
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Christian Against Poverty have been offering free debt-help along with emotional support and practical support for people in Bracknell suffering from debt and financial difficulty.
This month they have released a report exposing the growing impact that the cost-of-living crisis is having on Bracknell families.
Ken said: “The detrimental impact that these kinds of debts have are significant. CAP’s report shows that, unsurprisingly, more people are suffering from depression compared to last year, and more are also experiencing anxiety or panic attacks.
Most concerningly, the percentage of our clients who tell us they’ve attempted or considered suicide, as a way out of their debt, has risen as well from last year from 28% to 36%. This is heart-breaking and doesn’t have to be the case - help is available.”
Resident Nick, who had to leave his paid semi-pro sporting star lifestyle said: “I had a brain tumour which was removed, but I lost my mother during that time. I now suffer from terminal Crohn’s disease.”
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“Previously I had always worked very hard and had everything under control, but I got to the point where I couldn’t even pick up a can of beans or turn on the kettle. I was suffering badly from depression and became suicidal.”
The CAP partners with the local Kerith church. He added: “It’s made such a difference. If I had carried on as before, I probably wouldn’t be here now. I couldn’t see a way out. These people will not judge you, they’re just there to help you.”
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