Charity crisis feared as millions cut back on donations | Personal Finance | Finance [Video]

Cost of living: Man goes out with charity box for Shell and BP

Nearly three in 10 UK adults have reduced their charitable donations amid the cost-of-living crisis. New research, from charity consortium Remember a Charity, found that 29 percent of UK adults were forced to cut back on charity giving as they could no longer afford the cost.

Reflecting on economic uncertainty and global events ranging from international conflict to rising poverty, mental health crises and climate change, the majority (71 percent) of those surveyed express concern over what the future holds.

Despite these donation cut backs the majority (58 percent) of the 2,000 adults surveyed believe that charities are needed now more than ever.

With falling donations and increased demand for services, the charity sector faces multiple challenges in meeting the needs of beneficiaries alongside inflationary pressures.

58 percent of the 2,000 adults surveyed believe that charities are needed now more than ever. (Image: Getty)

Lucinda Frostick, director of Remember …