Tuesday, June 19, 2012

Britain: 7mn working adults struggle to survive

A recent study has revealed that almost seven million adults of working age in Britain “face money woes” finding it difficult to feed themselves and their families. An Experian study for The Guardian has revealed that about 3.6 million households are not able to live on their income and are struggling to feed themselves because they have no assets or savings to fall back on. “What's shocking about this is that these are people who want to work and are working but who, despite putting their faith in the politicians' mantra, find themselves in another cul-de-sac. Recent welfare cuts and policy changes make it difficult to advise these people where they should turn to get out of it - it really is genuinely shocking”, said Frank Field, Britain’s former welfare minister. The research study revealed that 2.2 million children live in families which are financially struggling while one or both parents work in a low or middle-income job. “What is clear and this research shows, is that the existing system doesn't help those families who strive to do the right thing”, said a spokesperson for the Department for Work and Pensions. This comes as the research only investigated those who fell outside the most deprived. Moreover, another study by the Trades Union Congress (TUC) showed that long-term youth unemployment in Britain increased by 78 percent over the past decade.

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