UK Consumers Struggling With Cost-of-Living and Inflation, as Almost Half Report Finding It Harder to Make Minimum Monthly Credit Card Payments. The survey of over 1,000 UK consumers shows that as the UK shifts out of the pandemic into the cost-of-living crisis, consumers have simply moved from one financial worry to another. Credit is helping consumers to cope with the crisis, with 57% of those surveyed reporting using credit cards to make ends meet over the last year. Gen Z consumers are even more reliant on credit and 68% of those surveyed aged 18-25 report using credit cards to get by. The rising cost-of-living has also led to consumers becoming increasingly financially-savvy, with 64% of respondents surveyed agreeing that they’ve become more aware of budgeting and saving over the last 12 months.
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