Pirate FM News

Revealed: The True Extend Of Cornwall's Money Worries

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Published by the Pirate FM News Team at 4:10pm 2nd August 2013.

Losing your job in Cornwall leaves could leave you just sixteen days from the breadline.

New research is warning that is how long it takes before we are forced to rely on benefits or friends and family.

It comes as it is revealed the number of us struggling financially has rocketed.

Guy Shone, from the Money Advice Service, said: "When you go into the homes of people and spend longer listening and watching their real-life experiences, often it's a very logical decision that they're taking, which is to be very organised but to focus on managing the household budget now and not take money away from that and invest it in longer term products.

"It's not just people here on lower incomes who are struggling to get to the end of the month. So, we are seeing people who actually have experienced a shock in their finaces, as we call it, in the last three years. And many people have struggled to recover."

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