Partly Cloudy

Partly Cloudy

max temp: 11°C

min temp: 5°C

ESTD 1874 Search

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

09:48 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


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


    Monday, April 14, 2014

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

Vicky Ellis

More than £3,500 will be presented to the Colchester hospital chemotherapy unit in memory of a woman who died of cervical cancer aged just 25.

Annual Bury St Edmunds Christmas Fayre

Organisers behind one of Suffolk’s largest annual events, Bury St Edmunds’ Christmas fayre, are hoping today’s drizzly weather won’t dampen spirits on the last day of the event.

Domestic violence reports increase

Domestic violence reports soared by 12% in Suffolk last year with more than 2,000 recorded incidents involving male victims, police have said.

Festive Forest Challenge in aid of St Nicholas Hospice Care. Festive Forest Challenge, at West Stow Country Park

More than 260 people headed to West Stow yesterday for the annual Festive Forest challenge in aid of St Nicholas Hospice.

Felixstowe mayor Doreen Savage switches on the lights helped by Elise Gorski, Peggy Osborne, and Ash and Lila Tadjrishi.

It’s a problem faced by millions of families across the country every year.

The close-knit Smith family in 2006: Matt, Wendy, Nikki and Barry

It can be upsetting and lonely having a child with a disability, but Wendy Smith would rather shout about the many positives. Steven Russell hears how love and kindness trumps any anger and bitterness

Woman conned by bogus caller (Stock photo)

A Hadleigh woman who lost £2,500 in a police scam has warned others to be alert to the crime.

Most read

Most commented

Topic pages

Local business directory

Our trusted business finder

Property search

e.g. Oxford or NW3
Powered by Zoopla

Digital Edition

Read the East Anglian Daily Times e-edition today E-edition

Great British Life

Great British Life
MyDate24 MyPhotos24