Unable to escape persistent hardship: JRF’s cost of living tracker … – Joseph Rowntree Foundation

The impact of rising prices while having low incomes and no savings, especially for food has meant 5.5 million low-income households have had to cut down on or skip meals because they cant afford food. Four million reported going hungry, and 2.7 million have reported having a poor diet because of the cost of living crisis.

Low-income households are struggling to afford their bills, with 4.5 million in arrears, and 2.6 million holding high cost credit loans with loan sharks, doorstep lenders, payday lenders or pawnshops. Given the economic outlook of inflation falling slowly and interest rates remaining high for some time, we are concerned about low-income households access to the lifeline of affordable credit, as 2.8 million have been declined loans in the last two years. Were also deeply concerned about the health and wellbeing impacts of the crisis, with millions unable to afford a healthy diet, and those going without essentials more likely to need NHS healthcare services.

For low-income households on Universal Credit, around 9 in 10 are going without essentials for the third survey in a row, despite the usual uprating of benefits with inflation and temporary cost of living payments. These levels of hardship cannot become baked in as the UKs new normal.

JRF is calling on the Government to implement an Essentials Guarantee, to ensure that, at a minimum, the basic rate of Universal Credit at least covers life's essentials and that support can never be pulled below that level.

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Unable to escape persistent hardship: JRF's cost of living tracker ... - Joseph Rowntree Foundation