Watchdog finds number has jumped by a third to 14.2 million as pandemic drives more people into debt
One in four adults in the UK have been left financially vulnerable as the fallout from Covid-19 drives more people into debt, according to the City regulator.
The Financial Conduct Authority said the number of people now struggling with low financial resilience – which is defined as over-indebtedness, low savings levels or low or erratic earnings – increased by a third to 14.2 million in October, representing more than a quarter of the UK adult population.
