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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`

Savings at a five-year high

10/07/2009

A new survey from National Savings & Investments (NS&I) has shown the highest levels of saving amongst UK consumers for the five years the Quarterly Savings Survey has been running.

In its spring survey, carried out between March and May, the Government-owned bank claimed that savers were putting aside an average of £92.41 a month, up from £90.12 in the winter.

However, the number of people saving regularly remained constant for the fifth consecutive quarter, at around 47% of the population.

A spokesperson for Debt Advisers Direct said: "Savings are an important part of our finances, particularly in a difficult time for the economy in which the risk of debt problems is higher.

"However, there are many people who simply can`t afford to save because of existing debts - and anyone in that situation could benefit from speaking to 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