The number of retail workers facing personal insolvency has reached an all-time high, according to research published by debt solutions consultancy Thomas Charles.
The research shows one in four workers in the industry have unsecured debts of at least £10,000. The survey also revealed that 24% experienced regular problems in repaying their debts. And of those workers in at least £10,000 of debt, 21% reported some likelihood of insolvency.
Thomas Charles director James Falla said: "Debt is a UK-wide problem but the impact on the individual, and on the industries in which they work, can often go unnoticed. It is ironic, but perhaps not surprising, that those within the retail industry are being worse hit by the effects of debt than the UK as a whole."

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