In this age of uncertainty, one thing can be relied on. If someone is in urgent need of financial support, they can turn to The Big Issue.
New figures show that The Big Issue worked with 3,642 vendors during the last year. That amounts to a ten per cent increase in the number of people selling the magazine. Figures also show that 899 of these individuals were signing-up to sell for the first time.
Vendors who sell The Big Issue magazine are their own mini-enterprises, buying copies for £1.75 and selling them to the public for £4, keeping the difference. This allows them to support themselves and their families, while becoming less reliant on tax-funded benefits.
Thanks to people buying magazines, vendors have been able to earn a staggering amount of money as the cost-of-living crisis continues.
Over 2.2 million magazines were sold in the last year – an incredible 34 per cent year-on-year increase in sales – meaning that £3.76 million went into the pockets of our vendors, who are some of the most marginalised and vulnerable people in the UK.
The economic landscape has indisputably had an impact on the increasing number of people turning to The Big Issue to make ends meet in tough times. There are 14 million people in the UK living in poverty as rent, energy and food prices continue to soar and this latest report on the impact of The Big Issue shows how people experiencing difficulty can benefit from becoming a vendor.