Sunday 5th of December 2010
Those who have had to stop making donations to charity as a result of having to service too much debt may decide to seek individual voluntary arrangement answers in a bid to wipe their slates clean and start again.
According to the Charities Aid Foundation, the amount given to good causes remains £700 million below the level that was recorded before the recession kicked in.
Research carried out by the Office for National Statistics and published in the UK Giving 2010 document, found 56 per cent of Brits give regularly to charitable organisations.
The most common way of giving is through cash, with 50 per cent of people making donations in this way, while a quarter buy goods to help and a fifth purchase raffle tickets.
Commenting on the findings, chief executive of the Charities Aid Foundation John Low said: "Many charities are very concerned about their funding in the coming year."
Last week, associate director of Credit Action Joanna Parsley claimed the financial crisis has put pressure on personal finances and caused people to reconsider their expenditure.
By Mark Waterman
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