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A vicious cycle

Author : Ivan Mathers and Neera Sharma (December 2011)

Price : Free

A vicious cycle shows how problem debt can have a persistent and invasive impact on the lives of families struggling to live on low incomes.

In this report Barnardo's highlights the increasing demand for high-cost credit, such as rent-to-own products. The report proposes that the Coalition Government and the devolved Governments put in place a strategy for tackling debt and promoting financial inclusion, which has three main pillars: a financial safety net - for people who have fallen into the trap of high-cost credit use, or could potentially end up there; a strategy to reduce demand for high-cost products; and a focus on ensuring a financial fair deal for all - providing equal access to financial products and services to eliminate the poverty premium. The report argues that eradicating child poverty in the UK is likely to be unattainable if the poorest families are trapped in a cycle of debt by the high cost credit sector.

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The following are available for free download:

Green download arrow A vicious cycle report (PDF)
Green download arrow A vicious cycle executive summary (PDF)



Associated subjects and types

Policy and research documents, Community development, Family support, Social care support


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