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Business
Vicky Shaw, PA News & Shane Jarvis & Beth Robson

Cost of living crisis: People are ‘skipping meals and cooking less' to save money

Fifty seven percent of British households have cut back on eating and changed the amount of times they cook to save money.

Which says every six in 10 households are now making the adjustments to meet the soaring cost of living . The figures were collated in the past month and reveal that as well as cutting back on essentials< coping methods include borrowing money from family and friends and taking out loans, using credit cards and overdrafts and selling items to raise cash.

This is a 19 per cent increase on the amount of people drastically economising in the same period last year - recorded in May 2021 as 38 per cent. Now around two million households have missed a housing, bill, credit card or loan payment in the past month, the consumer organisation estimated.

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