Half of UK adults are financially vulnerable, City watchdog finds

FCA figures will increase concern among policymakers over how British households will cope with an interest rate rise

Half of the UK population are financially vulnerable, and one in six could not cope with a £50 increase in monthly bills, according to a survey of Britain’s personal finances by the City regulator.

The Financial Conduct Authority’s biggest ever survey of households found that 4.1 million people are already in serious financial difficulty, falling behind with bills and credit card payments, with 25- to 34-year-olds the most over-indebted.

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from The Guardian http://ift.tt/2gP0pod