The ‘New Normal’?
Financial Fairness Tracker - Edition Eight
Organisation University of Bristol and abrdn Financial Fairness Trust
The report finds rising prices have led to people 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.
Researchers found the situation is particularly concerning for those categorised as in ‘serious financial difficulties’ (9.6 million people live in households that are in serious difficulties).