While more and more people are dealing with debt and battling poverty, there are still plenty of people who don’t have any personal contact or dealings with debt. This is great news for them, but it may mean that some people will be slightly blasé or unconnected with the real problems surrounding debt in the United Kingdom. It is important to be aware that debt, and dealing with people who are in poverty, affects the entire country even if you don’t think that it impacts on you personally.
This has been reinforced by figures which state that the true cost of poverty to the country is £78m. This is a large sum of money and it is important that people understand how it is made up and what the money is being spent on. If you ever thought that debt and poverty was a problem for someone else, you may find it is time to open your eyes and learn a bit more about what poverty really means in the United Kingdom.
A lot of money is spent on assisting people in poverty in the UK
Close to £30bn is spent on providing health services for people who are classed as living in poverty and there is over £10bn spent on education. These are important aspects for all people but people who are living in poverty and as a nation, it is vital that support and provisions are supplied. There is also a range of costs on housing and care, all of which means that everyone around the country is impacted upon by poverty and debt, even if you think that your personal finances are okay.
Debt and poverty can creep up on you, so it makes sense to remain in touch with your finances as best as you can. You may not think that you have debt issues or problems but before you know it, things can change. This is why it makes sense to review your finances and if you need assistance, taking it as early as you can. The UK poverty figures indicate that there is no point in overlooking debt or ignoring it, there needs to be progressive action on tackling it. For many people, consolidating their debt is a smart move and if you are looking to take control of your finances, a guarantor loan may be the best option for your needs.