You are here: Home - Household Bills - News -

One in five key workers cut back spending during Covid crisis

0
Written by:
04/10/2021
A fifth of key workers say they cut back on spending during the Covid pandemic, a new survey suggests.

The study for the TUC revealed 20 per cent of staff in key sectors reduced their spending at the end of the week or month because they faced running out of money, or because they had already run out of money.

Around one in nine (11 per cent) told the TUC that their levels of debt had increased since the pandemic began.

And around six per cent said that they had taken on a second job to make ends meet.

More than one in four (27 per cent) said they don’t believe they receive a fair wage for the work that they do.

Research published by the TUC in July found that more than a million children of key workers are currently living in poverty.

The union body says the main reasons for key worker family poverty are low pay and insecure hours.

TUC General Secretary Frances O’Grady said: “Our shop workers, care assistants and school support staff have worked tirelessly to keep this country going through the pandemic.

“The very least they deserve in return for their hard work is a decent standard of living for their families.

“But many are struggling just to pay their basic bills and put food on the table. And one in five are facing the trauma of running out of money before pay day. That’s not right.

“Enough is enough. Ministers must use the autumn spending review to give all of our key workers the pay rise they so badly need. We must get the minimum wage up to £10 an hour to stop millions of working people from living in poverty.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Unfamiliar banks woo savers with top rates…is your money safe?

If you’ve been keeping an eye on the savings best buy tables, you’ll have noticed some unfamiliar names lu...

What the base rate rise means for you

The Bank of England has raised the base rate by 0.25% to 0.5% – following on from the increase from 0.1% to ...

How to get help with your energy bills

The rise in the energy price cap from April will mean millions of households will pay hundreds of pounds a yea...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week