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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`

Tills to jingle to the tune of £53bn this Christmas

16/11/2007

Consumers across the UK will spend an estimated £53 billion over the festive period this year, according to new research.

A predicted 4.2 per cent increase in spending, compared to 2006 figures, is likely to see many consumers look for professional debt advice in the new year.

The vast majority of spending will be done through debit cards, as consumers shun increased interest rates on credit cards, APACS, the UK`s payments association, said. The biggest shift in trends is expected to be online, with an estimated 55.6 per cent growth in internet-based sales.

Sandra Quinn, director of communications at APACS, said: "Whether buying the turkey or stocking fillers, we`re most likely to be using our debit card to pay for them this Christmas, continuing the ongoing trend of pulling out the debit card in preference to our credit cards, cash or cheques."

APACS members account for 97 per cent of the total UK payments market.

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