More families using informal lenders amid high inflation

Amrit Virdi
Wednesday, October 18, 2023

Families with children are six times more likely to have resorted to using informal lenders or loan sharks, analysis from Action for Children on the cost-of-living crisis finds.

Parents are facing more pressure to provide for their families amid the cost-of-living crisis. Picture: Adobe Stock/ kerkezz.
Parents are facing more pressure to provide for their families amid the cost-of-living crisis. Picture: Adobe Stock/ kerkezz.

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