According to the financial comparison website, average house prices – and therefore monthly mortgage repayments – have trebled in the past decade, while earnings have only doubled. “The net effect is that mortgage payments take a much bigger chunk of…

According to the American Express study, a quarter of parents spend over £100 on their child’s first birthday party with an average of £84 on presents. However, once costs for invites to other parties and the necessary gifts are added…

Data from One Account reveals that 36 per cent of Britons expect to be saddled with mortgage repayments when they are over 60. “Paying off a mortgage should not mean that people have to put their life plans on hold,”…

Around a quarter of parents have not invested the £250 Child Trust Fund (CTF) vouchers given to them, meaning that parents are needlessly adding to their child’s future debt worries. “It seems you just can’t give money away,” commented Jason…

According to Fidelity International, a fifth of people never check how their long-term retirement plans are doing, meaning that many could be surprised to suffer debt even if they think they are prepared. “The problem is not that people are…

The charity says that a third of all working households with occupants under 40 cannot afford a home as prices rise and savings are hit by mounting bills and debt repayments. “Our analysis points to worrying prospects for those on…

With some credit card applications taking up to six weeks to become approved, Moneysupermarket.com is urging consumers to start creating a debt management plan now. Richard Mason, a director with the consumer finance website, told This is Money: “People always…

The Consumer Council for Water Midlands (CCWater Midlands) has invited top representatives from water firms to give tips to customers on debt management. Sir James Perowne, chairman of CCWater Midlands, said: “I’m sure people will find it beneficial to gain…