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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`

Brits `gearing up for January sales`

24/12/2008

Almost half of British shoppers plan to hit the January sales in 2009 in the hunt for a bargain, according to new figures.

Data from Halifax found that 48 per cent hope to bag a bargain in the new year, compared with 39 per cent who splashed out in January 2008.

Over one-quarter (26 per cent) of consumers expect to spend more in the 2009 sales than they did this year, while 35 per cent intend to spend the same. In 2008, the average consumer spent £112.40 in the January sales, Halifax said.

However, there are signs that the biting economy and worries about debt management will keep some shoppers at home. Half of those who bought items in January 2008 will not be spending this time around.

Of these, 70 per cent said it was because their personal finances are too tight, while 54 per cent said they are concerned about their future money situation.

Halifax said shoppers can avoid overspending if they make a list, stick to a budget, shop online and compare prices beforehand.

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