Personal Debt in the UK 2014 Edition

PERSONAL DEBT IN THE UK 2014 Personal Debt in the UK 2014 Statistics published by ComRes in 'Personal Debt Snapshot, 2014' showed that out of 2,013 people polled. 51% OF ADULTS IN THE UK ARE WORRIED ABOUT DEBT 43% OF PEOPLE ARE STRUGGLING TO MAKE IT TO PAYDAY WHY PEOPLE FEEL LIKE THEY'RE STRUGGLING FINANCIALLY 865 people polled answered multiple choice questions on factors that are causing them to struggle financially. Rising Wage 59% 20% food costs freezes Rising 52% 14% Mortgage repayments household energy bills 38% Rising transport Paying off bank loans 13% costs Paying off debts Credit card 27% 7% repayments 24% Paying off payday loans Rent 6% WHAT DEBTS CAUSE THE MOST WORRY? 1,030 people polled answered multiple choice questions on the types debts that are causing them the most worr.. 2014 2014 CREDIT CARD 43% DEBTS BANK LOANS 17% UP BY 89% 2013 UP BY CREDIT CARD 32% 34% DEBTS 2013 BANK LOANS 9% 2014 LOANS FROM FAMILY AND FRIENDS 15% 2014 OVERDRAFT DEBTS 22% T 2013 UP BY UP BY 2013 LOANS FROM FAMILY AND FRIENDS OVERDRAFT DEBTS 14% 57% 88% 8% 2014 MORTGAGE REPAYMENTS 2014 PAYDAY / OTHER HIGH INTEREST LOAN DEBTS 19% 1 9% 2013 MORTGAGE REPAYMENTS UP BY 200% UP BY 12% 58% 2013 PAYDAY / OTHER HIGH INTEREST LOAN DEBTS 3% WHAT PEOPLE WOULD LIKE THE GOVERNMENT TO DO TO HELP THEM... 2,013 people polled said the following measures would help ease pressure on their personal finances VAT Reduction in VAT Cut green taxes A rise in minimum wage 31% 15% 12% Reduce income tax 33 Reduce fuel duty Cap rental costs 10% 10% 7% FOR SALE Freeze or reduce rail fares Expand help to buy scheme Don't know 3% 2% 10% OUT OF 2,013 PEOPLE POLLED. OUT OF 2,013 PEOPLE POLLED.. 28% 25% OF PEOPLE DID NOT HAVE ANY SAVINGS OF PEOPLE THINK THEIR FINANCIAL SITUATION WILL WORSEN IN 6 MONTHS OUT OF 2,013 PEOPLE POLLED.. OUT OF 2,013 PEOPLE POLLED. 10%4% ADMITTED TO ONLY PAYING THE INTEREST ON THEIR FELT THEY WERE LIKELY TO GO INTO AN UNAUTHORISED OVERDRAFT CREDIT CARD EVERY MONTH OUT OF 2,013 PEOPLE POLLED. HAD TAKEN OUT A PAYDAY LOAN IN THE PAST 4% SiX MONTHS SOURCES "SOURCE: THE INFOGRAPHIC BY BAINES & ERNST DEPICTS RESULTS OF RESEARCH CONDUCTED BY COMRES - A MEMBER OF THE BRITISH POLLINGCOUNCIL, SEE R3 PERSONAL DEBT SNAPSHOT - WAVE 13. FEBRUARY 2014 TO SEE FULL STATS: HTTP://COMRES.CO.UK/POLLS/R3 PERSONAL DEBT_TRACKER WAVE 13.17_MARCH_2014 FINAL.PDF Baines & Ernst Experts on your ske