Brits spent more than they earned in 2007

Milner, Leah
January 2008
Mortgage Strategy;1/28/2008, p16
Trade Publication
The article reports on the research by USwitch.com which shows that British adults spend beyond their means in Great Britain. The company reveals that 4.8 million adults spent more than they earned in 2007, while nine million just broke even. The average consumer had £157 left in their bank account at the end of each month. Moreover, a poll for personal finance exhibition Your Money Matters found that adults have debts averaging more than £10,000, excluding mortgages.


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