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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`

`Fewer families have money left after debt payments`

10/05/2007

Fewer families are finding themselves with money left to spend after making all their debt repayments, a wealth management expert has said.

Julia Clayworth, wealth management customer marketing manager at Legal & General, was commenting after Legal & General`s latest MoneyMood Survey found that the average household`s expenditure has fallen.

She said: "MoneyMood found that the percentage of households who said they have money to spend after paying bills and debt payments has fallen steadily from 61 per cent to 58 per cent over the three years."

However, she added that "the majority of households are still in a position to save rather than struggling to make ends meet".

Another finding of the survey is that 60 per cent of UK adults reported being in the mood to save at the end of April, up from 57 per cent for the same time in 2006.

Legal & General has surveyed almost 30,000 Britons in the past three years to arrive at their monthly figures.

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