debt increase in lockdown, almost three times as many as those in households without children (5%) according to research Centre for Economics and Business Research (Cebr).In the paper titled The Uneven Impacts of the Covid-19, it was revealed that there is a stark difference in the way various groups and regions experienced the pandemic- many have been struggling with wealth inequality and financial security.
In November 2020, the extra debt taken on by single parents amounted to almost 44% of their monthly household income.comparethemarket.com who published the results said the majority of single-parent households unable to save any of their income in 2020.
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