The Economic Impact of Debt Advice
The Economic Impact of Debt Advice report demonstrates a financial return of up to £960m per year to the UK economy as a result of people receiving debt advice. This is in the context of an estimated £150m to £200m total annual investment in debt advice.
The research, undertaken by Europe Economics, builds on work previously carried out by others in the sector and shows that debt advice generates significant direct and indirect economic benefits for the society at large. It identifies twelve impact areas comparing the experience of those who have received debt advice with individuals who are indebted but have not accessed advice.
The report highlights that the economic benefits of debt advice go far beyond creditors and financial services and deliver benefit across the UK economy.
The summary report can be found here:
The Economic Impact of Debt Advice Summary Report
These reports summarise the findings for each of the monetised impact areas. The economic impact of debt advice on;
Employment and productivity
The economic impact of debt advice Main Report produced for MAS by Europe Economic contains the detailed analysis of each of the twelve impact areas including the background of the research and the methodology used.