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PPI Claims: Many children 'face poverty'

Payment protection insurance (PPI) claims and credit card refunds could be a simple way for cash-strapped families to improve their incomes and avoid slipping into poverty.

A new report into child poverty has found that the issue is having a serious effect on social mobility in the country.

The independent reviewer who led the study Alan Milburn said that state investment in childcare for the under-fives was a step in the right direction, but it should not replace the existing financial aid given to the most vulnerable families.

Commenting on the guidelines, chief executive of the Child Poverty Action Group Alison Garnham said that an all-encompassing approach was the correct course of action to tackle the money concerns of the poorest households.

A recent survey from Skipton Financial Services found that due to the continuous rise of the cost of living, the average British family now needs to earn £32,702 just to cover the cost of bills.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801238825-ADNFCR

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