Single people living alone are the most likely to overspend to pay for a comfortable lifestyle, which may lead them into debt problems.
That is according to research by Bright Grey, which found that 17 per cent of UK adults living alone overspend.
Many of these turn to credit to fund their lifestyles, meaning they could rack up credit card debt.
It was also revealed that one in six adults living alone feel they are not paid enough to fund their lifestyle.
Roger Edwards, proposition director at the firm, said: "There is a real concern that for many people, high mortgage and rental prices can mean that spending choices are limited.
"Yet more worryingly, it seems that the average salary is far too short for some, who just can't help but overspend in order to maintain their existing lifestyle or to make ends meet."
Those struggling to keep up loan or credit card repayments should seek debt advice as soon as possible to find a solution.
Ed Bowsher from lovemoney.co.uk recently suggested that consumers should budget to help them stretch their pay packets further.
Wed, 02 Mar 2011
Brits, including those currently seeking debt help, have been urged to budget to make their money stretch further... Tue, 01 Mar 2011
Brits currently seeking debt help could save around £300 a year by bundling their broadband, home phone and digital TV into one package, with one provider... Mon, 28 Feb 2011
Brits, including those seeking debt advice, may want to install a water meter in order to save money on their water bills... Fri, 25 Feb 2011
Parents seeking debt help should ask their children, who are earning a wage, to contribute towards their living costs...
Posted in: 
0 comments:
Post a Comment