Provider, Cirencester Friendly, as published research which showed 56% of consumers do not know how they would cut back on spending if they could not work because of an accident or illness.
Among the 44% of people who could identify cutbacks, eating out, takeaways and TC subscription services were the first on the chopping block. Other areas to cut back on were new clothes, gym memberships, smoking and drinking. The provider highlighted that 3% would cut back on heating first, should they be unable to work. Alan Waddington, distribution director, Cirencester Friendly, said: "It is worrying that so many people can't identify anything they could cut back on if they couldn't work for a month. It illustrates a significant number of families have no financial safety net to fa...
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