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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`

Fall in inflation expectations

16/03/2009

A new Bank of England survey has shown that consumer expectations of inflation have fallen to their lowest level since May 2005.

The median (average) expectation for inflation over the next 12 months was 2.1%, down from 2.8% in November, the Financial Times reports.

This may suggest that many people are benefiting from a reduction in their outgoings, as prices on important costs such as mortgage payments and petrol have dropped.

However, Richard McGuire, an economist at RBC Capital Markets, warned that `anything more than a brief dip into negative territory on the part of this survey` may become a self-fulfilling prophecy that leads to deflation in the coming months.

A spokesperson for Debt Advisers Direct said: "Falling prices could benefit some people, by leaving them with more disposable income and reducing the risk of debt problems.

"However, deflation does threaten the economy as a whole. People should be looking to get on top of their finances and tackle any debts now, to ensure that they are in the best possible financial shape for the future."

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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