Families unable to cover basic costs of living

editorial image

RESIDENTS in Milton Keynes who have sought help for debt problems are struggling even more than this time last year according to figures from a national charity.

A total of 891 people in the Milton Keynes area contacted the Consumer Credit Counselling Service in 2011. On average they owed a total of £18,510 – slightly higher than the UK average of £17,983.

Residents contacting the charity for help were an average £26 a month worse off than in 2010, with the average resident £35 short of the amount of money needed to cover their basic living expenses, much less debt repayments, each month.

Delroy Corinaldi, CCCS director of external affairs, said: “I am concerned that as the financial squeeze continues to tighten, many more people in Milton Keynes are at risk of falling into serious debt.”