Personal debt in Britain has reached £1.4 trillion, according to a report by an influential think tank.
According to a study by the Centre for Social Justice, around 3.9 million British families do not have enough savings to cover their rent or mortgage for more than a month.
More than 26,000 UK households were accepted by councils as homeless in the last five years because of rent and mortgage arrears, including more than 5,000 last year, the think-tank said.
Its report, Maxed Out, said poor people were bearing the brunt of a "perfect storm" of rising living costs, falling real wages, low savings and expensive credit that has seen unsecured consumer debt almost triple in the last 20 years, reaching nearly £160 billion.
More top news
Colonel Richard Kemp told ITV News Britain must send in ground troops to have any chance of stopping the terror group.
Severe gales will gradually ease.
Two fathers' rights activists have avoided police and managed to climb on the roof of a public art gallery at Buckingham Palace.