How can the debt recovery system best identify & protect vulnerable households, and consider financial stability & resilience and sustainable repayments?

Background

This encompasses priorities around:
- promoting financial resilience and reducing poverty, including by harnessing the full set of levers available through the Department and its public bodies, other government departments and Local and Combined Authorities
- supporting people to help meet the cost of living and work across government to support the formulation and delivery of effective housing policies, particularly with the Department for Levelling Up, Housing and Communities (DLUHC)
- delivering financial security for low-income working adults, and for children in low-income households

Next steps

Send correspondence and further questions to evidence.strategyteam@dwp.gov.uk.

Source

This question was published as part of the set of ARIs in this document:

DWP Areas of Research Interest 2023 GOV UK

Related UKRI funded projects


  • Working with Credit Unions to Develop Financial Capability Using Web-based Tools.

    Over-indebtedness is an increasing problem for Credit Unions in Northern Ireland due to the economic downturn with arrears now standing at 19% of total loans. This situation is likely to be exacerbated as the Welfare Ref...

    Funded by: ESRC

    Lead research organisation: Queen's University Belfast

    Why might this be relevant?

    The project aims to develop web-based tools that enhance the financial capability of over-indebted members, which directly addresses the question of how to identify and protect vulnerable households and promote financial stability and sustainable repayments.

  • Why do households repay their debt during COVID 19 crisis? well-being and financial implications.

    Bank of England (Money and Credit, June 2020) reports that households repaid £7.4 bn of consumer credit in April 2020, the largest net repayment on record. The lockdowns due to COVID 19 could have initially shifted...

    Funded by: COVID

    Lead research organisation: Birkbeck, University of London

  • Out of the frying pan into the fire: Quantitative investigation into how UK working adults manage consumer credit from crisis to crisis (2006 to 2022)

    Background. The doctoral thesis explored how individual, geographical and temporal context frames the subjective and objective lived experience of financial distress within the UK, with a focus on 18- to 39-years old ad...

    Funded by: ESRC

    Lead research organisation: University of Manchester

    Why might this be relevant?

    Partially relevant as it focuses on consumer credit management but does not directly address debt recovery system for vulnerable households.