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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`

Consumer confidence highest for over a year

10/07/2009

A new survey by GfK/NOP has suggested that consumer confidence improved in June, rising to its highest level in 14 months.

The GfK/NOP Consumer Confidence Index, which measures how confident people feel about the economy, increased by two points this month to -25 - nine points higher than this time last year.

On the other hand, the major purchases measure dropped four points from May, down to -26 in June. This may suggest that people were cautious about making larger/more expensive purchases in the difficult economic environment.

A debt specialist for Debt Advisers Direct commented: "These consumer confidence figures could indicate that people are becoming less worried about things like debt, living costs, etc. as time goes on.

"However, people must be aware that overall economic conditions could remain difficult for some time, and we would advise them to make sure they are financially prepared for whatever the future may hold. People should be careful to control their spending and avoid getting into debt."

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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