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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Bachelors forced to spend more

17/11/2008

People who live by themselves find it more difficult to save money, an expert has said.

Commenting on the issue, David Kuo, head of personal finance at Fool.co.uk, stated that many of the things consumers have to pay for - such as heating, council tax and mortgages - are unrelated to how many people are using them.

He said: "For instance if you are paying rent, it does not matter whether you have one person or two persons in the house, the rent is actually independent of the number of people there."

Mr Kuo went on to say that bachelors are probably spending twice the amount of money of people who are in relationships, potentially putting them at risk of getting into debt problems.

A survey conducted recently by celebrity magazine Grazia found that although 71 per cent of women are worried about the credit crunch affecting their lifestyles, 83 per cent said they are still shopping for clothes, accessories and beauty products at least once a week.

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according