Financial wellbeing | Supporting your people to manage post-Christmas debt

According to debt charity StepChange, money borrowed to finance Christmas could take years to repay. Worries about debt led to a surge in enquiries to the charity as soon as the festive season was over – they advised more people on 3 January 2023 than on any day in 2022.

Similarly, a recent Savanta Comres poll, conducted for the BBC, suggested that a third of respondents were not confident about their ability to repay Christmas-related debt.