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Half 'struggle to pay bills'

52% of adults are struggling to keep up with paying bills and debt repayments, according to a survey by the Government-backed Money Advice Service. Around nine million more are struggling with money compared to seven years ago.

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Millions more struggle with finances, study finds

Around nine million more adults are struggling with money now compared to seven years ago, a report by the Government-backed Money Advice Service suggests.

Of those surveyed, 52 percent said they are living on the edge, which equates to 26 million people across the UK.

52 percent of respondents said they are struggling with their finances, the study found. Credit: Press Assocation

This is a sharp increase from 2006, when 35 percent said they were having difficulty keeping up with bills.

The service also found that many people are suffering from poor financial skills and the squeeze on families following the economic downturn has encouraged a "live for now" culture.

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