Debt pressures ‘worsening’

The scale of debt management burdens and personal finance pressures being faced by British consumers are worsening, according to recent research.

A report from the Alliance Trust suggests that everyday expenditure is being forced upwards and that the country’s financial wellbeing is suffering as a result.

Furthermore, the trust claims that many consumers are failing to realise the extent of their own financial vulnerability and are continuing to add to their debt management burdens.

Shona Dobbie, head of the Alliance Trust Research Centre, commented: “Our latest Financial Reality report highlights how acute the consumer’s predicament has become.

“Our measure of consumer wellbeing shows a worsening picture not only for household budgets, but for consumers’ net wealth and the economy as well.” reported recently that an increasing number of British consumers are failing to meet their mortgage repayment demands.


Tell others:


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.