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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`

Uncertain times push savings `to record August high`

21/09/2007

Despite uncertain financial markets, the amount saved by Britons hit a record high for the month of August, according to new figures.

As more consumers become worried about debt problems, £1.4 billion was placed into building society savings accounts to deal with potential debt troubles, figures from the Building Societies Association (BSA) show.

During August, the total deposited into savings accounts was almost four times that deposited in August 2006 and nearly double July`s total. However, the amount deposited into individual savings accounts totalled £124 million in August 2007, down from £150 million a year earlier.

Adrian Coles, director-general of the BSA, said: "We believe that successive increases in interest rates and subdued equity markets have encouraged savers to put more money away. We expect this to continue while rates remain high and savers recognise the wide range of good value building society savings products available to them."

According to Credit Action, the total UK personal debt is increasing by £1 million every four minutes.

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