While many of us still think that people who are working can’t really get into financial difficulties, it’s no longer the case. Employed people are just as likely as the unemployed to be struggling with personal debt, especially as wage rises aren’t keeping up with inflation now.
The average amount of personal debt in the UK is £30,000 and in the US it’s $140,000. While for some this may be manageable, for others it’s an all-consuming nightmare than affects their home and work life.
Employers have a duty of care to employees here
You may, as an employer, believe that it’s not your problem if an employee is struggling in this way, but it is, at least partly.…Continue reading