3 in 4 Scots Worried About Money or Their Debts

Some 76 per cent of Scottish adults are worried about money or about their debt situations as they look ahead to the next 12 months.

That’s according to research carried out on behalf of Citizens Advice Scotland (CAS), which has said that more and more people living throughout Scotland are finding it tough to manage their money or to feel comfortable about their finances.

Worryingly, 34 per cent of the people polled by YouGov on behalf of CAS said that they wouldn’t be able to cover unexpected expenses, even if they were necessary, if the costs involved were over £500.

The research has been revealed to coincide with Challenge Poverty Week, which CAS is supporting as one of the foremost debt help charities operating in Scotland.

“This data backs up what our advisers across the country are seeing day in, day out,” said CAS’ chief executive Derek Mitchell.

“Money issues are a serious concern for people right now, and many people are struggling to keep their head above water.

“Many households are in a precarious position, one big unexpected bill, like the boiler going, away from really struggling. The rising cost of living is pulling more and more people into poverty.”

In recent months, CAS has been highlighting to people across Scotland who are struggling with debts the idea that they might be entitled to social security benefits that they aren’t currently claiming.

Previous research by the charity found that most people in Scotland support the welfare state and say that households should always claim whatever benefit payments they’re entitled to.

With regards to the fact that more and more Scots seem to be finding it hard to make ends meet, Mr Mitchell from CAS said he wants to see “action from policy makers to help people with the cost of living” as well as efforts made to create “better housing and fairer markets”.

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