The Financial Conduct Authority (FCA) estimated that 7.8 million people were struggling to keep up with their bills - an increase of around 2.5 million people since 2020 - when around 5.3 million people were finding it difficult.
Almost six in ten UK adults are struggling to keep up with their bills, according to new research from the City regulator.
One in four UK adults has said they were in financial difficulty or could find themselves in difficulty if they suffered a financial shock.
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