Around 50 per cent of people are more likely to seek out free debt help due to the rising cost of living, it has been claimed.
Research carried out for the Promoting Advice coalition – a joint venture between six organisations including Citizens Advice and Age Concern – has found that escalating bills have led more people to look for assistance.
It revealed that eight out of ten people were more worried about their finances than this time last year.
However, those that had the greatest need for advice were the ones that were least aware of the different types of help that are available, it added.
Phil Jew, head of policy and campaigns at AdviceUK, remarked: “Now is the time for the government to take real steps to help to improve access to independent advice provision.”
Meanwhile, a study by uSwitch has discovered that £4.3 billion has been added onto household energy bills since the start of 2008.
By Jamie Price