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Affordability fears hit adults
18 June, 2008
Independent research has revealed that 46% of the UK’s adult population say that being able to afford to live - making ends meet and servicing current debt levels - is their number one challenge over the next year.
According to the research commissioned by credit reference agency Callcredit, this is over ten times the number of people who say they are most concerned about getting a mortgage or the risk of redundancy (4%).
Women are more concerned about surviving the financial downturn than men (50% vs 41%) and concerns are highest among the 35 – 44 age group (57%).
Almost four out of ten people (38%) describe themselves as pessimistic about their finances over the next 12 months compared to one in five people who are optimistic. Negativity peaks among the over 55 age group with 41% describing their attitude as pessimistic.