Wednesday 2nd of February 2011
UK adults struggling to pay off their debts because they do not have the money to do so may find they begin to pose individual voluntary questions as they seek a suitable solution for their problems.
The latest Consumer Confidence Survey from The Nielsen Company and the British Retail Consortium has shown the end of 2010 witnessed a six percentage point increase in the proportion of individuals who had no spare cash when compared with a year earlier.
It also noted the amount was at its highest rate since the poll began to track this information in 2005.
Group managing director of Nielsen UK and Ireland Chris Morley said: "There is no doubt that many consumers are under a lot of financial pressure and little wonder why over a quarter feel they have no spare money what-so-ever."
Earlier in the week, head of marketing at Scottish Provident Susan Barclay noted her company's Financial Safety Net report showed too few adults in Britain have adequate monetary provisions.
Posted by Chris King
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