'Coping classes' vulnerable to losing income - Friends Life

The Coping Classes report, part of Friends Life's Vision of Britain 2020 series, found that 59% of those earning £25,000-50,000 would be unable to provide for themselves for longer than six months if they lost their main source of income. The provider suggested that fuelled by the fear that over half of people unemployed in the UK have been so for over six months (52%), this group is now focused on reducing debt to stave off the threat of a potential financial survival gap. Its study also revealed they feel disproportionately affected by public sector spending cuts, as part of the gov...