More than 4 million fear they`ll be made redundant
According to R3`s quarterly personal debt tracker, more than 4 million (an estimated 4,258,737) people fear they`ll be made redundant.
The insolvency trade body found that those aged between 25 and 34 are the most worried about their job, with 16% `expressing a concern`.
Since the third quarter of the year, the number of individuals `experiencing each sign of financial distress`, has increased – with a 60% rise in the number of people falling behind with some of their bills and payments.
Over one in four people admit to saving less than usual – 3% higher than in Q3 2010. More than three million people have taken on debt during the last quarter.
Steven Law, R3 President, said: “These figures make grim reading. The number of people who have admitted to struggling has rocketed over the last three months, but this is just the tip of the iceberg. There will be many more `below the waterline` who are struggling and have not yet admitted it.”
Similar Posts:
- You are not alone – in fact, you are one of 1.6 million
- Debts called in by parents
- Credit Card Users Making More Delinquent Payments
- Foreclosure Activity Drops 29 Percent in First Half
- There are cases when repairing credits also need certain factors. Oftentimes, you need to cut your credit cards to make sure that you will lessen your spending habits. And paying all your bills on time will also make a bigger change. Financial lawyers can be found online so there is nothing to worry about finding free help according to Reardon.
Leave a Reply