Younger UK Consumers Feeling the Squeeze

Over four million people in Britain are having difficulties paying their monthly bills, the Financial Conduct Authority (FCA) said on Wednesday, at a time when inflation is rising and interest rates may follow.The financial regulator said that younger consumers and renters were among the most financially stretched, with those in difficulty defined as having failed to pay bills in three or more of the last six months and most likely to be in the 25-34 age range.SPONSOREDThe survey of 13,000 people, showed that nearly half of renters said they would struggle to meet a rent rise of less than a hundred pounds a month.

Source: Millions of Britons in financial difficulty – Reuters

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