roughly 17 million working people in the UK have less than £100 ($128) in savings, while More than 16 million people are unable to pay off their monthly credit card balances, according to a report by the Financial Conduct Authority (FCA). "There is a huge crisis with personal debt that the government has ignored for far too long," said Labour MP John Mann, a member of the Treasury Select Committee.
More than 16 million working people in the UK have less than £100 ($128) in savings, while roughly 17 million people are unable to pay off their monthly credit card balances, according to a report by the Financial Conduct Authority (FCA). "There is a huge crisis with personal debt that the government has ignored for far too long," said Labour MP John Mann, a member of the Treasury Select Committee.