Money problems are ‘number one concern’

Money problems and debt management issues are the number one concern for consumers living in the UK, it has been revealed.

Research carried out recently Prudential has found that financial matters are more of a concern for British people than even the health of their own families or their own wellbeing.

In response to its own findings, a statement from Prudential said: “With thoughts of the credit crunch and house price slumping all around, it’s difficult to escape the sense of financial foreboding.”

According to the data from the financial services firm, calculating their household budget is the primary objective of more than a third of all UK consumers and only five per cent are aiming primarily to take a holiday.

The children’s saving scheme KidStart reported recently that an increasing number of grandparents are using their own money to help out younger generations of their family who are struggling financially.

Written by Giles Stevenson