Nearly 1 million people forced to work part-time

According to figures from the Office for National Statistics (ONS), between March and May this year, 927,000 people were working fewer than 30 hours a week because they couldn`t find full-time employment, The Telegraph reports.

The statistics suggest that in the past year, over 250,000 extra people who would prefer to be in a full-time job have begun working four days a week or fewer.

Benjamin Williamson, of the Centre for Economic and Business Research, said: "A reduction in salary is never great as people tend to make their purchasing decisions based on the future. While it is all well and good for young people with savings, it is particularly hard for those with large mortgages and families."

A spokesperson for debt management company Gregory Pennington commented: "People who find themselves working fewer hours, and earning less, may struggle to keep up with their financial commitments, from secured debts such as their mortgage, to credit cards, personal loans and other unsecured debts.

"Anyone in this situation should consider seeking professional debt advice before their debt becomes unmanageable."

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