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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 spending `could be tempered by debt`

22/03/2007

Strong February retail sales could be moderated throughout the year by financial factors such as debt, according to forecasting company Global Insight.

The firm was responding to government figures indicating that consumer retail spending bounced back last month after a fall in January.

Global Insight comments that the "volatility" of sales figures around Christmas have dissipated, leaving a retail market that is "still pretty solid".

However, there are other factors that may interfere with continued strength over the course of 2007, it cautions.

The company predicted that the recent base rate hike, the financial pressures of buying a home, as well as "an increasing tax burden and rising debt levels" would contribute to a cool in retail spending.

Additionally, it suggests that high levels of consumer expenditure could result in a further interest rate rise by the Bank of England.

Meanwhile, the Nationwide Consumer Confidence Index recently revealed that consumer confidence remained "low" in February.

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