One in five households relying on loans and savings to pay for food bills

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One in five households were forced to rely on loans and savings to cover their food bills last month, new research has claimed.

According to consumer group Which?, five million families are approaching financial ‘breaking point’ and have admitted to using credit cards, overdrafts and loans to pay for groceries.

The research showed low-income households making less than £21,000-a-year and those aged between 30 and 49, many of whom have children, were struggling the most.

Of the 2,000 people polled, 82 per cent said they were worried about food prices and 57 per cent claimed they were finding it ‘difficult to cope’ on their current income.

Commenting on the results, Which? executive director Richard Lloyd said: ‘Our tracker shows that many households are stretched to their financial breaking point, with rising food prices one of the top worries for squeezed consumers.

‘It’s simply shocking that so many people need to…

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