Spending Habits
The debt goes on
Rising mortgage or rental costs have forced seven per cent of people to take out a personal loan in the past year.
Public finds income standards for poor families unacceptable
Commenting on the findings of a Joseph Rowntree Foundation, which showed a two parent family with two children would need an income of £370 a week to afford the basket of goods needed for an 'acceptable' standard of living, Paul Dornan, Head of Policy for Child Poverty Action Group, said:
Brits need £13,400 to meet minimum standard of living
According to members of the public, a single person in Britain today needs to earn at least £13,400 a year before tax to afford a basic but acceptable standard of living.
Disposable income decreases
The total average amount of debt has decreased steadily - although disposable incomes have dropped and it's taking people longer to become debt free, according to the latest Chiltern Debt Monitor.
Tenants better off than homeowners during slowdown
Tenants are better placed to ride out the financial pressures caused by the rising cost of living than homeowners, according to new research from MoneyExpert.com.
The ‘Greenvolution' is coming
The rise in energy and fuel prices could push 22 million Brits to ‘go green' sparking a nationwide ‘Greenvolution', reveals new research from Tescocompare.com, the car and home insurance comparison site.
Good weather on your wedding day? Priceless
When it comes to the perfect wedding, good weather is top of Brits' wish list according to the latest research by Alliance & Leicester Personal Loans.
Ditch the cigarettes and gain pounds in the bank
As England celebrates the one-year anniversary of the Smoking Ban (1st July), those who have stubbed out their cigarettes for good could be seeing the rewards, not only for their health but also their bank balances, according to Alliance & Leicester Savings.
uSwitch.com launches guide to combat the credit crunch
uSwitch.com has launched a money savings guide on its site to help consumers who are beginning to feel the pinch.
Brits hit by 26% hike in monthly outgoings
Brits are spending 77% more on child care costs and up to 30% more on everyday bills such as TV subscriptions and water rates. New figures from Combined Insurance’s Cost of Living Tracker reveal that, since June 2006, the cost of average monthly commitments have soared by 26%.
Men tighten their belts during credit crunch storm
Men appear to be tightening their belts more than women in a bid to ride out the credit crunch storm, according to new research by long-term investment provider, Skandia.
Holiday fun leading Brits to financial heatstroke
British holiday makers are not in control of their holiday expenditure, according to the latest NS&I Quarterly Savings Survey.
Credit crunch conspiracy theory or reality
Could the current economic climate, financial doom and gloom, be a myth? According to new research from life insurer Zurich, despite the testing market conditions, less than a third of consumers have reviewed their finances in light of the credit crunch (29%) and a fifth of people (21%) claim it is a term created by the media.
£62,000 to join 'Middle Britain'
Families need to earn an average of £62,000 a year, own their own home, have at least two cars and live in London, the South East or East of England to become a typical Middle Britain household in 2008, according to a new report from the AXA Financial Task Force.
Sharp increase in basic costs is pummelling pensioners
Alliance Trust's independent study of age related inflation has found that the surge in inflation during May continued to hit the over 75 year olds the hardest - this age group saw their inflation rate increase from 4.1% to 4.8% during the month.