lan Milburn, the government’s social mobility tsar has warned that working parents “simply do not earn enough to escape poverty”.
Milburn’s ‘State of the Nation’ report found that two-thirds of poor children come from families where an adult works.
He added that many low and middle income children face being “worse off” than their parents because of falling earnings and rising prices.
The former Labour health secretary suggested that benefits, which are currently protected from cuts such as free TV licenses and winter fuel allowances for pensioners could soon becomes means tested.
The latest poverty figures released by the government show that the median household income for 2011/2012 was £427 a week.
In that year, 17% (2.3 million) of children were classed as being in poverty while 15% (5.6 million) of working-age adults were in poverty.
With so many people struggling to make ends meet, it’s not surprising that people get into difficulty with debt. With high-interest payday loans coming more prevalent, it’s too easy to use one to try and make it to the end of the month.
If you’re struggling with payday loans or other kinds of debts, you should be aware that there options are available to you including the new Protocol Compliant Debt Management plan which was rolled out on 1 October 2013. The Debt Advisor is one of only 5 companies that have been so far been approved to undertake these plans.
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