- Organisation saw an 10% YOY increase of vendor numbers due to the Cost-of-living crisis, with 69% of new vendors saying they were selling the magazine as their main source or an additional source of income
- New figures show a 34% YOY increase in sales and 38% YOY increase in vendor earnings
- Organisation continues to innovate with further ventures to support vendors to be more financially and digitally included and into employment
- First Big Issue National Vendor Week runs from Monday 6th March- Sunday 12th March
Today (Monday 6th March) the Big Issue Group has announced a notable rise in vendor numbers as the Cost-of-living crisis bites.
New figures have confirmed that, in 2022, Big Issue Group (BIG) worked with 3,642 vendors and sawa 10% YOY increase in the number of people selling the magazine.2022 saw 899 individuals sign-up to become a vendor and sell the Big Issue magazine for the first time.
69% of new vendors stated they were selling the magazine as their main source of income or as an additional income source. A further 10% wanted to use the Big Issue as a springboard to find full-time employment.
The economic landscape has indisputably had an impact on the numbers of people needing to turn to selling the magazine to make ends meet. There are 14m people in the UK living in poverty, rent and energy prices continue to soar, and food prices are rising at the highest rate in 45 years (). 9.7 million adults are experiencing food insecurity () this year, 7.2m people are going without basics and 4.7m people in the UK are now behind on their bills (3). 1.7 million people in the UK are now facing financial destitution, or even worse, homelessness (). There are currently 282,000 households classed as homeless or facing homelessness, ().
In 2022, BIG worked with 3,577 vendors, who sold 2.2 million magazines in 2022. These sales saw Big Issue vendors earn a collective profit of £3.76 million.
BIG said it had seen a 34% YOY increase in sales and 38% YOY increase in vendor earnings, despite the ongoing Cost-of-living crisis.