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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`

8% spending over half their income on unsecured debt payments

19/02/2009

8% of UK adults are spending more than half of their income on payments to their unsecured debts, according to a survey carried out by YouGov at the end of December.

This figure stood at 6% in August 2008, and just 2% in August 2007.

For 25-34 year olds, the increase is even more noticeable: in August 2008, just 6% of people in this age range were spending more than half their income on their unsecured debt repayments, but by December this figure had risen to 12%.

Furthermore, over two thirds of adults are more concerned about their finances than they were a year ago. 45% expect their financial situation to deteriorate over the next year, while just 19% expect it to improve.

Yet people in the 25-34 year-old group are more likely to be optimistic than other adults, with 31% expecting things to improve.

The latest figures from the Bank of England (December 2008) show that total unsecured personal debt in the country stood at £233 billion.

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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