Brits make more pre-payday sacrifices

19/11/2008

As many as two in three Britons are now finding themselves short of money in the run-up to payday, a new study into disposable income levels across the UK has revealed.

Research carried out by Abbey banking found that 64 per cent of adults now have to make sacrifices in the days before they get paid, with the typical consumer being forced to tighten their belts for a full five days a month.

Furthermore, it is anticipated that, with disposable income levels 29 per cent down on two years ago and with Christmas on its way, the situation is likely to get even more stressful for millions of Britons over the festive months.

Steve Shore, director of banking at Abbey, comments: "A staggeringly high number of people regularly fail to budget effectively each month and end up running out of cash before their next pay cheque.

"With disposable income down and Christmas almost upon us, planning your finances carefully has never been more important."

At the same time, a new report from G2 Data Dynamics has revealed that a number of UK charities are experiencing a drop in their fundraising as disposable income levels continue to fall.

Tags; Debt Management and Banking,

• Share
• 
• 
• Store
• 
• Follow
•