Handling Money

Research* shows; • Consumer debt is at record levels. • British consumers are on average twice as indebted as those in Continental Europe. • Between 7 and 9 million people in Britain claim to have had a serious debt problem. • Many more are in danger of being plunged in a severe debt crisis. • Few have adequate savings for unexpected expenditure. • A source of serious stress and worry: 74% of British couples find money the most difficult subject to talk about. 32% lie to their partners about how much they spend on credit cards. 35% are kept awake at night worrying about their finances. • Low income families are among the most vulnerable. • Those who left school early, or came from single parent families, or whose parents were unemployed are more likely to have been in debt. *Centre for Social Justice