redstar2000
29th March 2006, 14:38
Originally posted by BBC
Households on 'money knife-edge'
Two million households are living on a financial knife-edge, susceptible to an economic downturn, a Financial Services Authority (FSA) survey has suggested.
A further half million households are already having difficulty paying bills and meeting debts, the report found.
The survey results revealed an alarming lack of knowledge amongst consumers.
Some of the key findings included:
* Half a million households are in serious financial difficulty, even in current benign economic conditions
* Most Britons are good at making ends meet but not so good at saving for the future
* Seven out of 10 consumers have no savings in place to see them through a sudden drop in income
* 42% of working age adults do not have a personal or workplace pension, yet 81% recognise that the state pension will not be enough for them to enjoy a comfortable retirement
One can only imagine what such a survey would reveal about people in the U.S.! :o
http://www.websmileys.com/sm/cool/123.gif
Households on 'money knife-edge'
Two million households are living on a financial knife-edge, susceptible to an economic downturn, a Financial Services Authority (FSA) survey has suggested.
A further half million households are already having difficulty paying bills and meeting debts, the report found.
The survey results revealed an alarming lack of knowledge amongst consumers.
Some of the key findings included:
* Half a million households are in serious financial difficulty, even in current benign economic conditions
* Most Britons are good at making ends meet but not so good at saving for the future
* Seven out of 10 consumers have no savings in place to see them through a sudden drop in income
* 42% of working age adults do not have a personal or workplace pension, yet 81% recognise that the state pension will not be enough for them to enjoy a comfortable retirement
One can only imagine what such a survey would reveal about people in the U.S.! :o
http://www.websmileys.com/sm/cool/123.gif