The latest stats from massive debt review practice Debtbusters shows that their clients who applied for help in 2016 (so almost at the end of their review or just finishing their review) have not been getting significant increases in income over the last 5 years. In fact, when compared to the increase in the cost of living and inflation, these consumers now actually are trying to make ends meet with only 75% of what they had when the process began.
Why? Because the price of food, electricity, rental, communications etc have all gone up significantly each year for the last 5 years and their income has not kept pace. Now, Debtbusters have large client numbers and are able to track these stats with very reliable accuracy. Since they have such a large market share what is happening with Debtbusters clients is happening across the industry.
