TweetShareFigures from Alliance & Leicester reveal that what are termed the “Friends generation” account for the largest amounts of borrowing and spend the most on interest repayments as they aim to become debt free. In addition, this sector of British society has become the most likely group to miss repayments on their various credit arrangements [...]
Archive for April, 2007
Early 30s Brits are ‘most indebted’
by News Team on April 21st, 2007
Big spending Brits ‘need reality check’
by News Team on April 20th, 2007
TweetShareAnalysts at the centre have been consulting what they consider to be key indicators of consumer spending habits over the course of the last ten years and make clear that many households have been maintaining lifestyles beyond their financial means. As a result, many Brits look set to struggle to avoid bankruptcy and find an [...]
Real-life Simpsons hit by ‘spiralling living costs’
by News Team on April 20th, 2007
TweetShareA study by financial services firm Abbey, carried out to coincide with the 20th anniversary of the first airing of The Simpsons on American TV, demonstrates that many of the average Brits’ expenditures have been forced up over the last two decades. Mortgage payments have increased by 265.7 per cent during this period and the [...]
New homeowners ‘feeling the financial strain’
by News Team on April 20th, 2007
TweetShareA Yorkshire Bank Mortgages survey has revealed that a full 44 per cent of new homebuyers in the UK could be risking debt management ruin by failing to make allowances for added costs such as legal fees or stamp duty. Furthermore, around 40 per cent of those polled by the financial services provider suggested that [...]
PM quizzed over housing debt woes
by News Team on April 20th, 2007
TweetShareMany Brits are taking out housing loans that can often put them at risk of debt management disaster, Merseyside MP Ben Chapman suggested to the prime minister. Mr Blair said he considered the issue to be of “crucial” importance and argued that to help people facing this kind of debt management problem, more social housing [...]
More calls for financial education
by News Team on April 19th, 2007
TweetShareThe former education spokesman for the Liberal Democrat party Phil Willis MP recently echoed calls from ifs to establish financial education as a distinct part of national curriculum, which can stand alone as an examinable subject area. Only in this way will young Britons become more financially capable and able to avoid debt management trouble [...]
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