Coronavirus: Poorer households funding lockdown with debt, says think tank

Coronavirus: Poorer households funding lockdown with debt, says think tank

Image copyright Getty Images

Lower-income households are using savings and borrowing more during the coronavirus lockdown, while richer families are saving more as eating out and trips abroad are banned.

That’s according to research from the Resolution Foundation, a think tank.

Lower-income households are twice as likely as richer ones to have increased their debts during the crisis, it said.

View On WordPress