Male underemployment may spark debt fears

Wed, 16 May 2012

Underemployment among males in the UK is increasing, with more men likely to find themselves in financial difficulty and experiencing greater fears.

New findings from the Trades Union Congress (TUC) have shown the last four years have seen a doubling in the amount of men who are turning to part-time work because they are unable to land themselves full-time jobs .

According to the research, this level jumped from 293,000 in December 2007 to 600,000 for the same month in 2011, while the number of females failing to gain enough hours has swelled by 74 per cent to 780,000 in this time frame.

Brendan Barber, general secretary of the TUC - which has 58 affiliated unions in Britain - stated: "Virtually all employment growth is coming from part-time and temporary jobs but most of the people taking them want and need permanent, full-time work ."

Mr Barber noted individuals are currently required to make significant salary sacrifices in order to stay on working - a trend that is likely to hurt family finances and increase the likelihood of households facing spiralling debt .
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