Personal Debt in the UK 2013 Edition

PERSONAL DEBT IN THE UK Statistics published By ComRes in 'Personal Debt Snapshot showed that out of 2,007 people polled. 42% OF ADULTS IN THE UK ARE WORRIED ABOUT DEBT WHAT'S PUSHING PEOPLE INTO DEBT? 333 1,126 people polled, held the following events responsible for pushing them into debt. 37% RISING COST OF LIVING EDUCATIONAL FEES 2% AND EXPENSES 15% LOSS OF EMPLOYMENT 2% HEALTH/ILLNESS 13% NON-ESSENTIAL SPENDING REDUCED WORKING HOURS 1% /SINGLE INCOME CHANGE OF RELATIONSHIP 9% STATUS 15% OTHER 6% PAYING FOR CHILDCARE WHAT DEBTS CAUSE THE MOST WORRY? 1,292 people polled were worried about the following debts. CARD CREDIT AND STORE CARDS 32% 5% DEBT REPAYMENTS 14% 3% OVERDRAFT HIGH INTEREST SHORT- TERM LOANS и MORTGAGE REPAYMENTS 12% 3% HIRE PURCHASE 9% BANK LOANS 6% STUDENT LOANS LOANS FROM FRIENDS/FAMILY 8% 8% OTHER WHY DO DID YOU KNOW? PEOPLE FEEL LIKE TWICE AS MANY MEN POLLED WERE WORRIED ABOUT BANK THEY'RE LOANS THAN WOMEN STRUGGLING? 25% OF UNDER-24s FELT ANXIOUS ABOUT CREDIT CARD DEBT 35% 34% 30% 1,539 people polled in the ComRes research felt like 25% the following factors contributed to their financial struggles. 20% 15% 13% 12% 10% 9% 8% 6% 5% 4% 4% 3% 3% 4% Rising costs of living Credit cards repayments Paying for childcare Repaying debts Other Wage freezes Mortgage repayments Paying off bank loans Recent cuts in welfare benefits Non-essential spending (nights out) Making payments for high interest loans OUT OF 1,824 PEOPLE POLLED.. OUT OF 1,824 PEOPLE POLLED. 25% 20% OF PEOPLE DID NOT WERE GLOOMY ABOUT THE PROSPECTS OF THEIR FINANCIAL SITUATION IMPROVING HAVE ANY SAVINGS WITHIN SIX MONTHS OUT OF 1,824 PEOPLE POLLED.. OUT OF 1,824 PEOPLE POLLED.. 8% 8% OF PEOPLE ADMITTED PAYING OF PEOPLE SAID THEY WERE ONLY THE INTEREST ON THEIR PERSONAL DEBT FALLING BEHIND ON SOME BILLS AND PAYMENTS OUT OF 1,824 PEOPLE POLLED. OUT OF 1,824 PEOPLE POLLED.. 5%4% OF PEOPLE WERE PAYING THE INTEREST ON THEIR OVERDRAFT BUT NOT REDUCING IT THOUGHT THEY WOULD EXCEED THEIR OVERDRAFT OR GO INTO AN UNAUTHORISED OVERDRAFT THAT MONTH OUT OF 1,824 PEOPLE POLLED. 3% HAD TAKEN OUT AT LEAST ONE PAYDAY LOAN IN THE PREVIOUS SIX MONTHS SOURCES THIS INFOGRAPHIC BY BAINES & ERNST DEPICTS SELECTED RESULTS OF RESEARCH CONDUCTED BY COMRES, A MEMBER OF THE BRITISH POLLING COUNCIL. SEE THE ENTIRE R3 PERSONAL DATA SNAPSHOT (WAVE 10 - FEBRUARY 2013) HTTP://www.COMRES.Co.UK/POLLS/R3_PERSONAL_DEBT_SNAPSHOT_FEB_2013.PDF Baines & Ernst PERCENTAGES HAVE BEEN ROUNDED BASED ON THESE STATISTICS Experts on your side