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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`

Retail sales rise in July

26/08/2009

Retail sales rose by 3.3% in the year to July, according to the Office for National Statistics (ONS), suggesting that consumers` concerns about debt and the state of the economy may be easing.

July`s monthly rise in sales stood at 0.4%, a figure which had been expected to be smaller after June`s particularly strong monthly rise.

The increase was in part driven by strong sales of clothing, footwear, furniture and electrical goods.

A spokesperson for Debt Advisers Direct said: "A further rise in retail sales suggests that consumers are becoming more confident about their situation, as you might expect when we hear that we are coming out of the recession.

"However, the future is far from certain, and we would advise consumers to exercise caution with their purchases. Taking on debt is still a risk, and anyone who does borrow money should be completely sure that they can afford the repayments."

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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).

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