{"id":9088,"date":"2012-03-13T12:08:56","date_gmt":"2012-03-13T06:38:56","guid":{"rendered":"http:\/\/www.newsilike.in\/?p=9088"},"modified":"2019-05-21T12:10:52","modified_gmt":"2019-05-21T06:40:52","slug":"how-recession-is-affecting-uk-families","status":"publish","type":"post","link":"https:\/\/www.newsilike.in\/how-recession-is-affecting-uk-families\/","title":{"rendered":"How Recession is Affecting UK Families"},"content":{"rendered":"<p>When the recession hit in 2008, it sent the nation spiralling into financial chaos.<\/p>\n<p>With unemployment currently standing at 8.4% \u2013 the highest it\u2019s been since 1995 \u2013 and inflation sky-rocketing everyday essentials, families are worried that the economy is driving them deeper into debt.<\/p>\n<p>Prices at the pumps are at an all-time high and food inflation has risen to 6.3%. That\u2019s three times the rate of the world\u2019s seven biggest economies, bringing the average weekly household expenditure to \u00a3473.60.<\/p>\n<p>As salaries stay the same and families work hard to meet everyday living costs, disposable incomes have dipped for the fifth year running. As a result, many people have sought help through <a href=\"https:\/\/moneyplus.com\/\" rel=\"follow noopener noreferrer\" target=\"_blank\">Debt Management Plans<\/a>, <a href=\"https:\/\/moneyplus.com\/debt-solutions\/individual-voluntary-arrangement-iva\/\" rel=\"follow noopener noreferrer\" target=\"_blank\">IVA<\/a> and <a href=\"https:\/\/moneyplus.com\/debt-solutions\/debt-relief-order\/\" rel=\"follow noopener noreferrer\" target=\"_blank\">Debt Relief Orders<\/a> so that they can manage their debts more effectively and stay in control of their finances.<\/p>\n<p>Here you\u2019ll find information on where your money is being spent and useful tips that could help you save money along the way.<\/p>\n<p><a href=\"http:\/\/www.newsilike.in\/wp-content\/uploads\/2012\/03\/how-recession-affecting-uk-families-infographic.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-9089\" title=\"recession\" src=\"http:\/\/www.newsilike.in\/wp-content\/uploads\/2012\/03\/how-recession-affecting-uk-families-infographic.jpg\" alt=\"recession\" width=\"720\" height=\"6997\" srcset=\"https:\/\/www.newsilike.in\/wp-content\/uploads\/2012\/03\/how-recession-affecting-uk-families-infographic.jpg 720w, https:\/\/www.newsilike.in\/wp-content\/uploads\/2012\/03\/how-recession-affecting-uk-families-infographic-700x6802.jpg 700w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When the recession hit in 2008, it sent the nation spiralling into financial chaos. With unemployment currently standing at 8.4% \u2013 the highest it\u2019s been since 1995 \u2013 and inflation sky-rocketing everyday essentials, families are worried that the economy is driving them deeper into debt. Prices at the pumps are at an all-time high and&hellip;<\/p>\n <a href=\"https:\/\/www.newsilike.in\/how-recession-is-affecting-uk-families\/\" title=\"How Recession is Affecting UK Families\" class=\"entry-more-link\"><span>Read More<\/span> <span class=\"screen-reader-text\">How Recession is Affecting UK Families<\/span><\/a>","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"Layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts\/9088"}],"collection":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/comments?post=9088"}],"version-history":[{"count":0,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts\/9088\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/media?parent=9088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/categories?post=9088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/tags?post=9088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}