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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`

Nationwide: savings important

03/04/2009

Nationwide Building Society has urged consumers to save on a regular basis, despite record-low interest rates.

It has warned that the UK`s `savings gap` is increasing as fewer people in difficult circumstances put money away due to the pressures of the economic downturn.

In its latest savings statistics release, Nationwide claimed that 60% of consumers think they are saving less than they need to.

A spokesperson for Debt Advisers Direct said: "Savings can be a very important part of people`s finances, as they offer protection against debt and other unexpected financial circumstances.

"Of course, many people who are not saving are being prevented from doing so by existing debts and/or high household costs. Anyone in that situation should speak to an expert 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