A man living “pay cheque to pay cheque” with no savings has seen his debt spiral to £2,000 amid the surging cost of living. Jack, 24, from Derby, earns a “below average” income in his graduate job, and as bills have soared, he has fallen behind on important payments. The graduate, who lives in a rented house with one roommate, fell into debt – which is on top of student loans – mostly due to late payments of electricity, gas and council tax bills, and often finds himself in his overdraft. He said: “I don’t have any savings, which is concerning. I’m very much one of those pay cheque to pay cheq…
