Helping Prevent and Improve Money Problems;
Author : alexa-scheidler | Published Date : 2025-11-01
Description: Helping Prevent and Improve Money Problems Ensuring We hear People Residents perspectives in Nottingham neighbourhoods Research report April 2018 Emma Bates Nottingham Financial Resilience Partnership Background FR Partnership one of
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Transcript:Helping Prevent and Improve Money Problems;:
Helping Prevent and Improve Money Problems; Ensuring We hear People Resident’s perspectives in Nottingham neighbourhoods Research report April 2018, Emma Bates Nottingham Financial Resilience Partnership Background FR Partnership – one of five underpinning principles is continuous community dialogue. Study was set up in order to hear directly from Nottingham residents. Awards for All funded Nottingham Financial Resilience Partnership Aims hear from people who had struggled with money problems in the last year, to inform work in the city and the local areas, to prevent and address issues. identify how we can continue to enable people’s own voices to be heard, and establish mechanisms for this. Nottingham Financial Resilience Partnership Method Research in four areas: - Aspley - Bestwood & Bulwell - Clifton & Meadows - St Ann’s & Sneinton Individual semi-structured interviews Interviewees given £15 Intu vouchers Target was approx 40 interviewees. Achieved 38. All interviewees have been sent a copy of the report. Nottingham Financial Resilience Partnership Demographics Nottingham Financial Resilience Partnership Demographics Nottingham Financial Resilience Partnership Financial circumstances Nottingham Financial Resilience Partnership Levels of Debt Nottingham Financial Resilience Partnership Findings – the issues Part 1 Nottingham Financial Resilience Partnership Main reasons that led to the money problems Errors, overpayments, confusion Impact of family members/ relationships Insufficient income (many with debts + arrears coming out of income) Job loss Depression Moving house Having existing debts before a financial shock Indebtedness Nottingham Financial Resilience Partnership Whether people had problems affording essential items in last year Twenty eight people had had problems affording essential items Further five talked about not being able to afford any extras or replace anything Several people said they couldn’t afford proper nutritious food The extent of the negative impacts of this upon people’s physical and mental health and upon their relationships with friends and family is documented in the report. Nottingham Financial Resilience Partnership Whether people had problems affording essential items in last year Food bank use – twelve people were or had used food banks in last year. Three people appeared malnourished and one of required an immediate food bank referral. Nottingham Financial Resilience Partnership What could have helped prevent? Benefits related Employment, and more or better employment Better financial capability Better financial capability for younger people Not being over-indebted Need for help and assistance (including knowing about help). Living cosst Financial abuse Other Nottingham Financial Resilience Partnership What could have stopped it getting worse?
