The Harsh Reality

These facts, from credible sources, highlight the evergrowing need for Smart Spenders’ existence.

  • National debt has surpassed £2.64 trillion.

    That’s £2,640,000,000,000.

  • 11.5 Million people have less than £100 in savings.

  • 9 Million people are in severe debt.

    … And only a third will get the help they need.

  • 20.3 Million adults don't feel confident managing their money.

    That’s 39% of all adults, 18 +, in the UK.

  • National Household debt hits £2.2 trillion.

    Data also highlights that less than half of UK consumers can answer financial questions correctly, despite 88% reporting they feel confident with money.

  • 22% of the population have started borrowing more this year.

    That’s 11.5 million people. Last year, it was 17%.

  • UK credit card debt reaches £66.4 billion in June

    8% up from last year.

  • 17% of working 18-24 year olds have opted out of their company's pension scheme.

    An indicator of financial challenges; suggesting future planning isn’t possible due to the cost of living.

  • 9 million people experienced food insecurity in June 2023.

    & 3 million reported not eating for days because they couldn’t afford food.

  • 31% of people expect their salary to either decline or freeze.

This has to change.