More than a quarter of UK workers run out of money before payday

Over a quarter of British workers, 28%, run out of money before payday and are left broke before receiving their next paycheque.

The poll by HR and payroll software provider Ciphr shed a light on how the cost-of-living crisis is still affecting Britons - especially those who are younger. Nearly a third, 30%, of of employees under 45 years old say they have also struggled to pay bills or buy food this year. This compares to 15% of workers aged over 45, or 21% of all UK adults.

Employees under 34 are the most likely to have taken on a loan or additional loans, as well as the most likely to have moved in with friends or family to , with 25% of 18-34-year-olds saying they have done these compared to the polling average of 10%.

Younger workers are also significantly more likely to have worked through illness this year, rather than take unpaid sick leave, Ciphr said.

Meanwhile, a third of people receiving benefits run out before they are next due them and 42% of students run out of cash before their next loan comes in.

Ciphr say this is equivalent to around 12.4 million UK adults being left without funds for day-to-day essentials until their wages, benefits, pension, or similar, were paid.

Claire Williams, chief people and operations officer at Ciphr, says: “As these findings show, navigating the high cost of living continues to be incredibly challenging, with many people still struggling financially and many others feeling compelled to work through illness due to the financial impact of taking time off."