Young people are risking their financial future by opening multiple current accouts to maximise their access to overdraft facilities, according to a new report.
Research by YouGov, on behalf of Callcredit, found that nearly one in ten (9%) 18 to 24 year olds have three or more current accounts in their name with an overdraft available.
Of [...]
Over 14 million Brits are using credit cards to fund everyday expenses, according to research by moneysupermarket.com.
The price comparison site said the reliance on debt to pay for day-to-day purchases is a “worrying trend”.
Purchasing goods online is the most popular use of credit cards, with 56% of credit card holders using their card for internet [...]
Two thirds of investors don’t bother seeking financial advice before making an investment, according to a new study.
In a poll by the Fair Investment Company (FIC), 64% of respondents said they would not seek advice before making a decision about where to invest their money.
Just 34% said they would get advice before making an investment.
George [...]
Nationwide’s Savings Index for December reveals a decline in the number of people putting money aside into savings accounts.
A quarter (25%) of those polled by Nationwide admitted to saving nothing during December, a rise of one percentage point compared to November.
Meanwhile, 45% said they currently put money aside regularly into a UK savings account. [...]
The majority of UK consumers believe the recession will continue for most of 2010, a new study has discovered.
Research by Gocompare.com found 52% of Brits think the UK economy will remain in recession for most of the year ahead.
A further 29% said the recession will continue until at least 2011.
Just 19% expect the economy to [...]
UK consumers are planning to spend significantly less on Christmas this year, according to new research by uSwitch.com.
More than half (56%) of Brits said they will be buying less presents this year.
Nearly two thirds (63%) said they will be spending up to £200 less on gifts.
A third (32%) of adults said they are [...]