Money Box - Debt during the pandemic
Download Debt during the pandemic
A recent report by the Financial Conduct Authority (FCA) found that the coronavirus pandemic has driven more people into financial vulnerability. More adults in the UK have fallen into debt or have little capacity to ride out financial shocks, the FCA said.
While furlough, other support grants and the Universal Credit uplift have helped many people avoid money problems, concerns are growing over the financial damage from multiple lockdowns, job losses, lower earnings and redundancies.
How are people coping with debt during the pandemic and what support is available?
Joining presenter Louise Cooper on the panel:
Helen Undy, chief executive, Money and Mental Health Policy Institute
Richard Lane, head of external affairs, Stepchange
Colin Mathieson, from Advice Direct Scotland
If you have a question about debt, please get in touch. E-mail moneybox@bbc.co.uk or tweet @MoneyBox.
Producer: Darin Graham
Editor: Rosamund Jones
Published on Wednesday, 24th March 2021.
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