Employers warned to take care of 'chronically broke' employees

Last month, a study from the Royal Society of Arts found that 70% of the UK’s working population are “chronically’ broke.

According to the survey, 40% of respondents said their finances were permanently precarious with another 30% saying they were not managing to get by.

As a result, Brhmie Balaram, the Author of the report, told The Guardian that “economic insecurity now stretches throughout our labour market.”

With the RSA making clear that workers are now worse off, coupled with this week’s ONS report which found unemployment had grown at a near-fiveyear high, employers have been warned to take better care of their employee’s finances.