Check If You Qualify

Scots Expect Cost of Living Crisis to Worsen in 2023

Sharon McDougall - 24th January 2023 - 2 minutes to read

People in Scotland are generally expecting to see the cost of living crisis worsen over the course of 2023.

According to recent polling, as many as 71 per cent of Scots anticipate seeing their personal finance pressures intensify rather than ease off this year.

The figures are from the advisory and advocacy organisation True North, which enlisted the polling firm Survation to get a sense of current perspectives among Scottish households.

In addition to worrying about how much further their money will need to go this year, many Scots are already struggling to cover their monthly outgoings and manage their debts.

Survation’s data suggests that only 32 per cent of people living in Scotland never had to worry about how they would pay their energy bills over the past six months.

Clearly, therefore, most people did at some point struggle to pay their energy bills, with that stressful situation apparently now a regular occurrence for roughly one in four Scottish residents.

More generally, 50 per cent of the people polled by Survation recently said they have either ‘sometimes’, ‘often’ or ‘all the time’ struggled to pay their household bills in the past six months.

At the same time as the cost of living crisis is taking a toll on the finances of households across the UK, more and more people in Scotland are being pushed into serious debt problems.

Increasingly, individuals and families are finding that their incomes can barely cover their outgoings and, for many, that means an increased reliance on debt.

Charities and campaign groups have been consistently warning that the cost of living crisis will continue to push people into problem debt situations for as long as it continues.

Claimants of Universal Credit are particularly vulnerable to inflationary pressures and rising bills, with charities including Citizens Advice Scotland having called on government policymakers to do more to help and support people on benefits who can’t manage their debts.

If you live in Scotland and you are worried about your personal debt situation then Scotland Debt Solutions can help. Contact us directly to arrange a FREE and confidential consultation.

facebook colour icon twitter colour icon linkedin colour icon messenger colour icon whatsapp colour icon email colour icon
Sharon McDougall Square

Sharon McDougall


Other News

Debt Levels Soaring across Scotland, New Figures Show Debt Level Rising

Debt Levels Soaring across Scotland, New Figures Show

Levels of unsecured debt in Scotland increased dramatically during 2022 as the cost of living crisis took its toll on household finances.

Nearly Half a Million Scots Facing ‘Profound Financial Hardship’ Financial Hardship

Nearly Half a Million Scots Facing ‘Profound Financial Hardship’

Close to half a million Scots are in a position of profound financial hardship, according to a new set of figures.

Scots with Disabilities Urged to Check Eligibility for New Benefits Scottish Man In Wheelchair

Scots with Disabilities Urged to Check Eligibility for New Benefits

Disabled people in Scotland are being urged by the government to check whether they might be eligible for benefits that could help make their life a little easier.


Why Choose Us

Usp Location

5 Offices in Scotland

National Coverage

Usp House

Ask us About

Home Visits

Usp Hand Heart

Helping Scots Get

Out of Debt Since 1989

Usp Handshake

We offer an

Instant Initial Consultation

Usp Palm Wallet

We'll Help You

Lower Monthly Payments

Usp Hand Heart


Out of Debt Since 1989

We'll give you a call

Our Scottish based team can help advise you on your debt problems.

Here at Scotland Debt Solutions we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See our Privacy Policy.


Useful tools

Personalised Debt Report
Usp Planner

Personalised Debt Report

Our personalised debt report will help you better understand your financial position and see where your money is going.

Debt Report
Instant Scheduled Call & WhatsApp

Instant Scheduled Call & WhatsApp

Arrange a call with an expert advisor at a time to suit you or contact our team via WhatsApp for immediate help and advice.

Arrange Callback
Find a Local Office
Usp Signpost

Find a Local Office

We have five offices located across Scotland. Find your nearest one here.

Find an Office

Our Insolvency Practitioners are regulated by ICAS or the IPA and our firm is authorised and regulated by the Financial Conduct Authority

Fees and Information: There are fees associated with our services. These will be fully explained before entering into any of the personal debt solutions referred to on this website. Full details of our fees and how these are charged are fully explained to you prior to you committing to any particular service.

ICAS Insolvency Practitioners