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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`

Inflation falls to 1.8%

20/08/2009

The official Consumer Price Index (CPI) annual measure of inflation fell to 1.8% in June, continuing the downward trend that many economists believe is heading towards deflation.

The rate now stands at 0.2% below the target rate of 2% - which most economists believe is the ideal rate for sustainable economic growth - having fallen from 2.2% in May.

Meanwhile, RPI (Retail Price Index) inflation fell deeper into negative territory, from -1.1% in May to -1.6% in June. RPI inflation is heavily affected by housing costs.

A spokesperson for Debt Advisers Direct said: "Falling prices will be welcomed by many people in the current economic climate, particularly those in debt - but there are potential implications for the wider economy, and people should remain cautious.

"We advise people to carefully consider any non-essential purchases they make, and to avoid getting into debt where possible, in order to protect themselves 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