Brits using discount vouchers to avoid debt?

An increasing number of Britons are using discount vouchers to purchase goods, which could be an indicator that they are becoming more wary of falling…

An increasing number of Britons are using discount vouchers to purchase goods, which could be an indicator that they are becoming more wary of falling into debt.

New research conducted by Moneysupermarket Vouchers has found that the population redeems over 2.4 million price reduction tokens each day, which means that 1,692 are used every minute.

This equates to more than 100,000 coupons being utilised every hour, which is 25 per cent up on last year.

Voucher users are currently saving themselves almost £55 each month, with one in seven such people clocking up over £100 worth of discounts every four weeks.

Sian Harrison, the company’s voucher expert, said: “With hundreds of new offers going live every week, canny consumers are set to reap record savings.”

Joshua Bamfield, director of the Centre for Retail Research, recently forecast that the summer sunshine will result in more people spending their cash in shops.

By Joe Shervin

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