Financial inclusion, financial stress and debt

Abstract

This chapter discusses the concepts of debt and financial exclusion, and considers the significance of the findings of the PSE-UK survey in the light of policy and social developments in this area in the UK over the past decade. At the time, the Millennium (PSE) Survey in 1999 was one of the first to look the relationships between poverty, debt and financial exclusion (McKay and Collard, 2006). Since then, there has been increasing interest in the way debt problems and financial exclusion may contribute to a range of economic, social and health outcomes, as well as interest in the multidirectional causal linkages between financial exclusion and debt (Salignac, Muir and Wong, 2016; Simpson and Buckland, 2009; Sinclair, 2013).