Many benefiting from falling costs & low interest rates

More than 1 in 5 people have told a Mintel survey they were feeling positive, Reuters reports.

Lower mortgage costs and falling prices in the shops are two of the more positive results of today`s economic troubles: "It cannot be ignored that 21 percent are `comfortable and confident` and do not feel that their finances have really been badly affected by the worsening economy," said Toby Clark, head of Mintel`s Financial Research.

"For most, the economic downturn has been fairly manageable," Mr Clark noted, adding that "Some will even be feeling better off, with more money to spend as inflation falls and interest rates reach a new low."

"For people who aren`t being directly affected by the country`s economic problems," said a debt management expert for Gregory Pennington, "this recession could be a valuable opportunity to work on improving their finances.

"If their expenses have dropped - through lower mortgage payments, for example - they could make a real difference to their long-term financial health, whether they`re overpaying their mortgage, paying off their other debts and/or saving up for the future."

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