June 2023 | Fair Point | abrdn Financial Fairness Trust Newsletter

29 June 2023

Ticking health timebomb caused by cost-of-living crisis
The latest edition of the Financial Fairness Tracker by a team at the University of Bristol’s Personal Finance Resource Centre found some people are making dramatic cutbacks on essential healthcare which could affect their long-term wellbeing.
One-in-five (19%) households are putting off dental treatments due to worries about costs. A third (35%) were not able to afford a healthy balanced diet at least once in the past month. 33% report that financial worries cause them to sleep poorly at night and 35% say that their financial situation is making their mental health worse. 27% say their financial situation is making their physical health worse.
Read more

Project in focus
Inheritance Tax – what do people really think?

A new Demos report finds cutting inheritance tax is "not an electoral slam dunk". Research found that while initially most people (55%) say that inheritances should be completely tax-free, when asked what amount of inheritance should be tax-free, only one fifth (21%) said that all inheritance should be tax-free.
Read more

Statistic of the month -Almost 2m households skipping meals due to cost of living
One of the most shocking findings in our recent Tracker was that almost 2m households have not eaten for a whole day at least three times during the last month.
Read the press story

Have you been threatened with eviction?
If you, or someone you know, has been threatened with eviction, a team at the University of Southampton wants to hear about your experiences. The team are undertaking a project (funded by the Trust) which aims to improve the lives of people in housing debt and at threat of eviction.
Find out more