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Families struggle with debt

WEARSIDE families will take 11 months to pay off their Christmas debt, according to union bosses.

A survey by Unison has revealed it will take on average until November for low-paid workers to pay off the debt from the festive period, as 41 per cent admitted they had to turn to credit cards, banks or payday loans.

Public sector trade union Unison, is warning that the paper-thin finances of families across the UK are in danger of being torn apart by the next big energy or unexpected repair bill.

Regional convenor, Clare Williams, said: “There are too many families whose finances are spiralling out of control. Public service workers have been hard hit by the Government’s freeze and squeeze on their pay.

“This has plunged many into debt, making them a target for loan sharks. The poorest are paying the price for the Government’s austerity agenda, and that’s not fair.

“With rises in household bills, transport costs, housing and childcare, low-paid households are only one bill away from falling into a vicious cycle of debt. Unexpected expenses such as a washing machine that needs replacing can be enough to tip families over the edge.

“The Government needs to start listening and take action to help those on the lowest pay.”

 

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