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Wednesday, November 20, 2013

POVERTY AND HOMELESSNESS

Personal debt in Britain has reached £1.4 trillion - almost the same amount as Britain's national economic output - according to a report that warns debt is wreaking havoc on people's mental health and wellbeing. 'Poorer people are "bearing the brunt of a storm" during which average household debt has risen to £54,000  nearly double what it was a decade ago, the report by the Centre for Social Justice think-tank warns. The report, entitled Maxed Out, found that almost half of households in the lowest income group spent more than a quarter of their income on debt repayments in 2011. More than 5,000 people are being made homeless every year as a result of mortgage or rent debts.' (Guardian, 20 November) When politicians reviewing the recent economic downturn speak of "us all being in this together" it must sound bizarre to those 5,000 people being made homeless every year. RD

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