Helping Households Maximise Their Income
Living costs are rising faster than income and our poorest families are particularly vulnerable because of the 'poverty premium'. One of the ambitions of the Fairer Scotland Action Plan is to tackle low income. How can those in a position to provide support help households struggling to make ends meet to manage their finances to maximise their income?
Inflation is rising and wage growth is poor, as a result households are finding it harder to make ends meet. The latest report on the Disposable Income Index (DII) from the Scottish Friendly and Social Market Foundation (Q3 2017) found that for a second quarter in a row, CPI inflation outgrew wages, indicating that the income squeeze experienced in the first half of the 2010s is back.
Figures from the DII also show that three quarters of British households are reliant on credit to make ends meet. Nearly one in five (17%) Brits who are credit dependent found themselves short of money on more than five occasions in the last 12 months and needed credit to support themselves until their next pay cheque. The recent rise in the Bank of England base rate will make finances for these households even tighter.
It is the poorest families with the least disposable income who will be the most affected and we already know from March 2017’s Scottish Government figures that the number of people of all ages living in poverty has increased from 18% to 20% of the population in the past year.
Organisations across Scotland are putting in place solutions to support families which are struggling. At this event we will focus on the practical measures organisations can take to help households: from assisting with the management of debt and bills, to working with households to help them access all the support they are entitled to. As we do so we will share national and local initiatives that you can tap into and learn from to help families in your area.
Key issues to be discussed
- What are the key financial pressures facing Scotland’s households?
- How we can improve Money Advice
- Providing specific financial support: debt management, fuel poverty, improving the uptake of benefits
- Improving access to affordable credit
- Case studies from across Scotland
09:15 Registration and refreshments
09:55 Opening remarks from the chair
Professor Alan Alexander OBE, General Secretary of the Royal Society of Edinburgh. Emeritus Professor of Public Sector Management, Strathclyde Business School
Session 1: Under Financial Pressure
10:00 Families Under Pressure: What does recent research tell us about the financial challenges facing households?
Professor John H. McKendrick, Glasgow School for Business and Society, Glasgow Caledonian University
10:20 Households on the edge
10:40 Meeting Scotland’s Child Poverty Targets as Household Finances Tighten
Jenny Duncan, Policy and Parliamentary Officer, Child Poverty Action Group in Scotland
11:00 Questions and Discussion
11:15 Refreshments and Networking
Session 2: Helping Households Get the Information and Support They Need
11:30 Managing Debt
11:50 Tackling Fuel Poverty
Barbara Atterson, Development Manager / Deputy Director, Energy Action Scotland
12:10 Improving the Uptake in Benefits
Emma Cormack, Network Development Manager, Citizens Advice Scotland
12:30 Questions and Discussion
12:50 Lunch and Networking
Session 3: Learning From Practice From Across Scotland
13:30 Improving Money Advice
- An overview of advice services in Scotland
- Delivering services in ways that meet the needs of users
Karen Carrick, Project Manager, Improving Outcomes in Money Advice (MAO) project, Improvement Service
Paige Barclay, Project Officer, Improving Outcomes in Money Advice (MAO) project, Improvement Service
13:50 Evidence Beats Assertion: The need for affordable credit
- Seismic shift in who is accessing high cost credit, and who isn’t
- Need for fair alternatives is increasingly vital
- Low income households need a gateway to financial inclusion
- Carnegie UK Trust has been addressing a wicked problem
Niall Alexander, Associate (Affordable Credit), Carnegie UK Trust
14:10 The Health Impact of Low Income on Children and How the NHS Can Help Patients to Maximise Their Income
Kerry McKenzie, Organisational Lead - Child Poverty, NHS Health Scotland
14:30 Housing Support
Lorraine McLaren, Director, Wheatley Foundation
14:50 Questions and Discussion
15:10 Closing Remarks from the Chair
15:15 Close of event
*Agenda subject to change
COSLA, Verity House, 19 Haymarket Yards, Edinburgh | Map
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