Almost 40% of UK 35 to 44-year-olds borrow to make ends meet

Almost two-fifths of 35 to 44-year-olds have resorted to borrowing to make ends meet in the cost of living crisis, more than double the proportion of those aged over 55, according to one of the most comprehensive reports of its kind.

The study by the Resolution Foundation published on Thursday also found that while nearly every demographic group had dipped into savings and cut spending owing to high inflation, a quarter of those aged…