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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`

Brits keep stiff upper lip on finances

20/11/2007

Two out of every three British consumers think it is rude to talk about their debt problems with other people, a new survey has found.

While 66 per cent remain tight-lipped, 16 per cent of those asked are too embarrassed at their level of debt to talk to friends and family about it, research from fool.co.uk shows.

The poll of 1,500 UK consumers also found that 49 per cent of those who do talk about their debt problems do not find that their worries are listened to. Londoners are the least likely to talk about their money problems, while those in Yorkshire and the Humber are the most talkative.

David Kuo, head of personal finance at fool.co.uk, said: "It`s a shame that when it comes to money, Brits are still stuck in the dark ages, too proud to talk about their financial situation which conforms to the typical British stereotype. Talking openly about money, especially with close friends and family has many benefits."

Total personal debt in the UK stood at a record figure of £1,380 billion at the end of September, according to figures from Credit Action.

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