October 2011
Consumer debt 'up £1 billion in September'
31 October 2011
Overall lending to individuals grew by £1 billion in September, according to the latest figures from the Bank of England - in line with the previous six-month average.
It was also the third consecutive month in which consumer
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Households watch spending to ease debt burden
27 October 2011
The Financial Times reports that the 'household saving ratio' - recorded by the Office for National Statistics ( ONS ) - rose from 5.9% in the three months to March to 7.4% in the three months to June. The ratio
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Household debt increases 'for seventh month in row'
24 October 2011
Rising levels of UK household debt were recorded for the seventh month in a row in October this year - the longest uninterrupted period in the history of the Markit Household Finance Index™ (HFI™).
The survey, which is
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Cost of living 'over £700 a year more than 2010'
20 October 2011
According to retirement company MGM Advantage, the average person in the UK needs to spend an extra £736 a year to maintain the same standard of living as one year ago. A typical UK household needs an extra £1,768 compared
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60% of us 'worried about Christmas'
13 October 2011
Moneysupermarket.com polled consumers asking whether they are worried about the cost of Christmas this year. Results indicate 60% of the 4,000 polled are already worried about how to pay for the festivities.
This is an annual poll, and the
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Payday loan customers quadruple in two years
10 October 2011
The Citizens Advice Bureau says that over the last two years, there has been a four times increase in the number of people who have taken on debt from payday loans, as reported by the BBC .
A
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Credit cards and debt - some stats
6 October 2011
The 'Your Commitments, Your Future' report from Standard Life finds just over half of us have credit cards, with the average cardholder making payments totalling around £3,804 every year. Meanwhile, nearly half of us (44%) manage to put money into
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UK - 35 million 'worried about their finances'
3 October 2011
Financial advice website unbiased.co.uk reports that 72% of British adults are worried about their finances. Its online poll found that the most common concerns are about personal savings and pensions.
Of the 72% who are concerned about their money,
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