Cost of living: 2m households missed bill every month this year

Soaring costs mean rising number of people defaulting on mortgage, rent or bill payments, Which? finds

More than 2m households have missed a bill payment every month this year as people struggle to keep their heads above water in a relentless cost of living crisis", according to new research from consumer group Which?.

In June an estimated 2.1m households missed or defaulted on at least one mortgage, rent, loan, credit card or bill, according to the consumer champion's monthly insight tracker. This figure has been above 2 million every month so far this year, it said.