Archives for 17 April 2007
Financial risks Brits are prepared to take
Britons are increasingly taking risks when it comes to dealing with their finances, according to new research.
Data from Travelodge states that using credit cards on the internet was voted the number one risk a person was willing to take.
Other financial hazards included not saving for retirement (number eight), gambling money (number 13) and dipping […]
Schoolchildren given lessons on ‘dangers of debt’
Children in Jersey are to be given lessons on the dangers of entering a debt lifestyle.
Jersey Consumer Council deputy chairman Alan Breckon has introduced the new scheme aimed at year-11 students.
The local education department has accepted the proposals, which aims to prevent the situation of children leaving school with little knowledge of dealing with […]
Baby boomers ‘torn between financial commitments’
People aged between 55 to 64 in Britain are being financially stretched by having to support their adult children as well their elderly parents, according to research.
A new survey from engage Mutual Assurance suggests that a significant number of people in the baby boomer age bracket are having their finances stretched.
It found 60 per […]
Apacs: Credit card statement education needed
Consumers need to gain greater understanding on reading their credit card statements, according to one institution.
Research from Apacs suggests that only half of adults thoroughly check their statements, prompting the payments association to release an informative guide.
The information, entitled Understanding Your Credit Card Statement, aims to explain everything consumers need to know about terms […]
British towns ‘unaffordable for workers’
British towns are unaffordable for about 70 per cent of the country’s workers, according to a new report.
Data from Halifax suggests that average house prices in 363 out 517 towns in Great Britain are beyond employees’ finances.
The figure marks a 65 per cent rise from that of last year, with nurses and firefighters facing […]
Reality mirrors fiction for indebted Brits
The lifestyles of British consumers are mirroring those of the country’s soap stars, according to latest research.
A report from CreditExpert found that almost a third (32 per cent) of Britons have similar spending habits to Pat Butcher from Eastenders, by suffering from debt and overspending.
Viewers of the show may recognise her as a person […]