The human benefit of good face to face debt advice, and how it boosts local economies

Following my post yesterday about the savings that could be achieved by face to face debt advice, I had a couple of comments which I thought I would share with you:

One person emailed me to say that while we can do a cost/benefit analysis or a social return on investment calculation, “what we can never measure is the human cost, how do we measure the saving of a home, that child (who) didn’t have their education disrupted and they go on to pass exams, get a job, pay taxes etc., or the child who didn’t witness their parent(s) going through such despair, maybe arguing, or didn’t have to go into emergency temporary accommodation and be exposed to scenes and noise of others who may have addiction issues, significant mental health issues, or because (of the advice received) they remained in the home, meals could be cooked etc. so they had a nutritious diet which helped them concentrate.”

Another person commented that one of our close partners in Hastings, HARC, managed to get over £1.4 million in disability / sickness benefits to Hastings residents that they were entitled to these, thereby boosting the local economy by that much and more so when you apply the local multiplier effect. (I like this illustration of how the local multiplier works).

As for the human cost, I will post separately a couple of real life stories about how advice services have helped people gain control of their lives and how homelessness is prevented.

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