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View Full Version : Middle-aged Borrowed To Cope With The Cost-of-living Crisis, While Young Have Turned



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28-Apr-23, 10:41
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:

Middle-aged Borrowed To Cope With The Cost-of-living Crisis, While Young Have Turned To Friends And Family, And Lower-income Households To Food Banks




Different coping mechanisms are being used by different groups to get through the cost-of-living crisis, with middle-aged people running up debts, young people turning to friends and family, and poorer people resorting to more extreme measures like eating less and visiting food banks, according to new analysis published on Thursday 27 April 2023 by the Resolution Foundation. The Foundation's new report Hoping and coping - supported by the Health Foundation - uses data from a YouGov survey of 10,122 adults to assess the various approaches people have employed to navigate the cost-of-living crisis in recent months, and how they differ across income and age groups. [Read Full Article (https://caithness-business.co.uk/article/20037)]