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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`

Petrol down 16.5%; gas up 50%

27/01/2009

The cost of unleaded petrol has dropped by 16.5% in the last year, according to the AA – but certain other costs are much higher than they were 12 months ago.

The Daily Mail’s ‘Cost of Living Index’ tracks the cost of various expenses, from supermarket goods to petrol and mortgages.

It notes that unleaded petrol has dropped 16.5% in the last year, that diesel is down 9.5% and that ‘the annual rate of increase on shopping basket staples is at its lowest for nine months’.

Energy bills, however, remain ‘punishingly high’: electricity prices are around 30% higher than this time last year and gas prices are up a full 50%.

“The recent fall in petrol prices has come as a great relief,” said a debt management expert for Gregory Pennington, “but people all over the country will be waiting to see more energy suppliers announce cuts to their prices. Last year’s increases put a significant strain on many households’ finances, making it extremely hard for them to avoid getting into debt – or further into debt.”

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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