Study finds indebtedness among low income households worsened under government austerity measures
Tuesday, February 12, 2019 - 10:30
in Earth & Climate
A paper recently published in New Political Economy by a team of academics led by Hulya Dagdeviren, Professor of Economic Development, University of Hertfordshire, concludes that austerity measures over the past decade, especially the cuts in welfare and local government budgets, accompanied by a range of disciplinary measures, pushed the very poor into various forms of debt by severely limiting their means of subsistence.