Rain

Rain

max temp: 13°C

min temp: 1°C

Search

East of England: Shelter warns that thousands of families are living on a ‘financial knife-edge’

PUBLISHED: 09:48 14 April 2014 | UPDATED: 11:19 14 April 2014

Thousands of people would be unable to pay their mortgage if they lost their jobs.

Thousands of people would be unable to pay their mortgage if they lost their jobs.

Nearly half of all working families in the East of England are living on a “financial knife-edge” after new research showed they are just one pay cheque away from losing their home.

Homeless charity Shelter has published new research that reveals that more than 350,000 families with children in the region could not pay their rent or mortgage if they lost their job.

Liz Clarke, a helpline advisor at Shelter, said: “This research highlights the financial knife-edge that millions of us now find ourselves on - living month to month, pay cheque to pay cheque.

“Every day we see the proof that just one piece of bad luck, like a sudden job loss or illness, could tip any of us into a spiral that puts the family home at risk.”

The YouGov survey found that 45% of all working families in the east, with little or no savings to fall back on, were just one pay-cheque from losing their homes.

More than a quarter of families surveyed (26%) also said they would be unable to make the next payment on their home if they lost their job and did not immediately find another.

Campbell Robb, Shelter’s chief executive, said: “Finding another job is hard enough but without a stable place to live it’s almost impossible.

“No matter how hard ordinary families work in today’s ‘knife-edge nation’ any drop in income can all too quickly put their home at serious risk.”

People worried about losing their home can contact Shelter for free on 0808 800 444 or at www.shelter.org.uk/advice.

1 comment

  • It is not only families that are 'living on a knife-edge' !, this so called government are in their 'dying days' !, roll on May 2015 !!

    Report this comment

    freedomf

    Monday, April 14, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

A mother who was diagnosed with breast cancer just before Christmas has completed a ‘booby walk’ around Bury St Edmunds in aid of the hospital unit that helped her.

A man from Kirton has appeared in court charged with the rape of a woman in Felixstowe more than 10 years ago.

There are traffic delays on the A14 because a lorry has dropped a “shed load of stones” in the road.

Staff in two shops in the Greenstead area of Colchester were held up with hypodermic needles during incidents at the weekend.

A motorcyclist suffered a serious and possibly life-changing leg injury during a crash with a car at the weekend.

Seven weeks’ work and 50 kilos of wicker have been put to good use to create a new feature for a pub garden.

A coastal rescue group is appealing for volunteers to join its fundraising team.

Most read

Eating Out in the Broads

cover

Click here to view
the Eating Out
supplement

View

Visit the Broads

cover

Click here to view
the Visit the Broads
supplement

View

Most commented

HOT JOBS

Show Job Lists

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24