TUC 2012: Workers are being forced to borrow more than £300 a month as they spiral into "punishing levels of debt," the Unite union said today.
Unite revealed that the average amount workers were borrowing to get through the month had soared from £127 to £327 since March.
A study of 22,000 adults showed that almost half were borrowing money every month while four out of five said they had cut back on spending because of money worries.
Speaking at the TUC congress in Brighton Unite general secretary Len McCluskey said: "These figures are yet another damning indictment on this government's failed anti-growth policies. Ever more people are being plunged into punishing levels of debt as they struggle to make ends meet.
"This is the harsh reality for increasing numbers of working people in Osborne and Cameron's heartless Britain, with the real pain still to come as this government seeks more and more cuts."