Fear and worry takes a toll on all of us. Action is urgently needed. Early in the first lockdown The Big Issue launched the Ride Out Recession Alliance (RORA), to unite organisations and individuals, share ideas and support those who most need it. For 2021 we have introduced the RORA Toolkit with access to jobs and training opportunities, to improve job chances and help people skill-up for the future.
And starting today The Big Issue is joining forces with Experian as part of its United For Financial Health programme, working with partners including The National Literacy Trust, National Numeracy, The Mix and The Trussell Trust.
“Covid-19 has sent shockwaves through the country,” explains James Jones, head of consumer affairs at Experian. “While much of the focus has been on public health, understandably with so many lives tragically lost, many of us have also seen our finances severely shaken up, especially if our job or income has been hit. At one point around nine million workers were furloughed.
“Latest government figures show that the low-paid and the young have seen their finances disproportionately affected. Although people who’ve switched to working from home are likely to have built up savings due to lower spending, around nine million people have borrowed money to help them get by.”
Lockdowns have taken income away from hundreds of Big Issue sellers. Support The Big Issue and our vendors by signing up for a subscription.
In the coming weeks we will share knowledge, advice and practical steps that everyone can take, working with experts across the financial and social spheres.