Household Spending Habits

Weddings might be decreasing in popularity but new research reveals that even in the current financial climate Brits will still risk going further into the red to get hitched.

Teenage children are preparing to take on credit cards, loans and overdrafts when they turn 18, despite not being able to undertake basic budgeting tasks efficiently, according to a new study by the AXA Financial Task Force.

More than one in three people (38%) are refusing to forego their summer holiday this year, despite money being tight, preferring instead to ration their daily treats in the run up to summer, according to new research from American Express Travellers Cheques.

More than one in two retirees, 54%, are struggling to make ends meet as the cost of living escalates, according to new research from Engage Mutual.

Alliance Trust's independent study of age related inflation has found that inflation surged in April and hit the over 75 year olds the hardest - this age group now faces an inflation rate of 4.1%.

The difference between the Consumer Prices Index (CPI) and the true rate of inflation means that for many people, household income lags behind personal inflation.

Consumer Price Index (CPI) annual inflation - the Government's target measure - was up from 2.5 per cent in March to 3.0 per cent in April.

Britain's ‘fridge mountains' and ‘electronic landfills' are set to get bigger as 86% of Brits admit that they replace broken or damaged household items without any attempt to fix them first, according to new research from Legal & General.

The choice of caring for your own children is rapidly turning into a luxury available only to those who can afford it.

It's a rich man's world in Manchester, according to research released by NatWest MoneySense, which reveals that life-loving Mancunians are the UK's biggest spenders, with the average household spending £26k a year, nearly £2,000 more than London.