Monday 10th of August 2009
A third of Britons are being more careful with money as the recession places debt management firmly on their agenda, according to research from Friends Provident.
The financial services provider reveals that 30 per cent of respondents to its recent survey are watching their outgoings more carefully in the present economic climate.
Slightly more (33 per cent) have also started to save more towards their debt management efforts or rainy-day fund since the onset of the recession.
In light of the figures, the firm suggests that "a new breed of realistic thinkers" is emerging among the British public.
Friends Provident has also found that younger consumers are more aware of debt management and avoiding taking on lending in the first place.
As a result, more than a third (38 per cent) claim that they are aware of the turbulence the nation’s economy is experiencing, but are not worried about its effects on their finances.
By Mark Waterman
- Debt consolidation loans falling, figures show
- Britons 'changing attitudes' towards debt management
- Homeowners 'more concerned with debt management'
- Low interest rate 'contributing to debt management efforts'
- Debt management growing in importance, survey finds
- Individuals now trying to save 'after ten years of debt'
