What does the cost of living crisis mean for charities?

What does the cost of living crisis mean for charities?

The charity sector is not immune from the cost-of-living crisis. In his blog, Richard Sagar, Head of Policy, Charity Finance Group, sets out what the crisis means for charities, how to mitigate this, and says that they will ultimately be expected to do more with less.

With inflation above 7% (and it set to increase in the year ahead), outstripping wage increases and with tax increases and a failure to uprate benefits squeezing incomes for many households, we are experiencing a cost-of-living crisis not seen for decades.  And with 4 in 10 people expecting their finance to get worse over the next 12 months, it is a problem that is likely to be with us for some time.

As you might imagine, the charity sector and perhaps more importantly the beneficiaries they serve, are not immune from this crisis.

Click here to read the full article.

 

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