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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`

Debt stops two in five from saving

05/06/2009

According to Scottish Widows, recent research shows that 85% of Britons surveyed have `no money to save` - up from 50% the previous year.

As The Daily Mail reports, 42% said their debts kept them from saving - up from 10% the previous year.

The findings of Scottish Widows` research seem to contradict recent reports by the British Bankers` Association, which found that the amount consumers have deposited with high street banks has risen recently.

A spokesperson for Debt Advisers Direct said: "Saving for a `rainy day` is an important part of protecting against unexpected costs - people with some money in the bank are much more likely to be able to cope with sudden expenses without running into debt.

"At a time like now, it is particularly important to try and save money each month. Anyone who cannot afford to save money and is struggling to manage their debts should contact a professional debt adviser."

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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