July 2022 Debtfree Issue

those who are not in
debt review) and asked
them how they make
ends meet.
They found that 13%
are using short term
loans (like payday
loans) to service their
existing debt. 8% have
resorted to selling off
the things they own to
cover their costs, while
11% are turning to their
family and friends for
help to cover their
costs.
The traditional middle
class, and people 35 –
44yrs seem hardest hit
with the most financial
pressures, but they are
not alone. Basically,
everyone from all age
groups and incomes
are stressed about
their debt situation.