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Cash-Strapped Britain: One in Five Has to Borrow Money to Buy Food

Monday 05 March 2012

‘One in five Britons are borrowing money for groceries because of the soaring cost of living, research reveals.

One in four said they have had to dip into their savings to buy food or other daily essentials, while 19 per cent have gone into debt to do this. Another 10 per cent said they could envisage borrowing money to buy food in the future.

The survey by consumer group Which? found that only 43 per cent of consumers feel they can afford to live on their income, while 36 per cent admitted to finding things difficult – twice the proportion who were struggling in 2006.’

Read more: Cash-Strapped Britain: One in Five Has to Borrow Money to Buy Food