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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 rises to 18-month high

19/10/2009

According to the latest consumer confidence report from Nationwide, the Consumer Confidence Index rose by six points in September to 71, reaching an 18-month high, the Telegraph reports.

At its highest level since April 2008, the Index was 24 points higher in September than it was 12 months earlier. Nationwide attributed the improvement to a number of reports suggesting the economy may be recovering, as well as improvements in house prices and strong gains in the stock market.

Nationwide`s head of economic and market analysis, Mark Saddleton, said: "September saw a much stronger increase in overall confidence compared with recent months and the index is now at its highest level since April 2008."

A spokesperson for Debt Advisers Direct commented: "The increase in confidence could indicate that people are becoming less worried about things like debt, day-to-day living costs, etc.

"However, the overall economic conditions in the UK are likely to remain difficult for some time, so it`s important that people are financially prepared for whatever the future may hold. People who are in debt and would like help managing their finances should speak 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