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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`

Fewer Christmas shoppers on high street

23/12/2008

New figures have shown that the final weekend before Christmas saw a drop in shoppers hitting the high street compared with last year.

The weekend is traditionally the busiest of the year, as consumers look to finalise their Christmas shopping. However, this year the weekend saw an 8.7% decrease in the number of shoppers on the high street, compared with last year’s levels.

The figures may coincide with online shopping levels leading up to the Christmas period – which showed an unexpected rise on last year’s figures – as consumers attempt to avoid falling into debt by shopping with cheaper online retailers.

A spokesperson for Debt Advisers Direct said: “It was to be expected that high street sales would be down this year, as we are in an unusually difficult situation for the economy. Many people are looking to avoid debt by searching harder for the lowest prices, many of which are online.

“Nonetheless, there will still be some households who struggle. Our advice to anyone who does fall into debt is to contact a professional debt adviser as soon as possible.”

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans and IVAs (Individual Voluntary Arrangements).

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