TITLE

Brits spent more than they earned in 2007

AUTHOR(S)
Milner, Leah
PUB. DATE
January 2008
SOURCE
Mortgage Strategy;1/28/2008, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
28816933

 

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