If 2 million more of us lose our jobs, that would mean 1 in every 10 of us unemployed. That’s in addition to salaries cut on furlough. With over a million of us already claiming universal credit to survive, that’s a significant % of us with less to no money coming in..
And once credit card or mortgage payment holidays end (1 in 9 of us have the latter), we’ll have more debt to pay off – because what isn’t talked about enough is that interest charges will still being calculated - and then added to the amount owed..
The strain on our mental health from worrying about how to afford to look after our families will be another long-term casualty - 6 million of us were losing sleep about money before the pandemic even began.. #FinancialWellbeing #MentalHealth
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