finances

81% of parents feeling summer financial strain

6th August 2025 Arrears and Recoveries | #finances

Summer 2025 is proving even tougher for families, with 81% of parents feeling financially stressed and 52% worse off than last summer, according to new research from credit-building business Loqbox. The data shows households feeling the squeeze, driven by pricier holidays, rising childcare costs, and mounting back-to-school expenses, with 52% feeling worse off than in…

Quarter of working age people don’t think they’ll ever be financially independent

29th July 2025 Consumer Collections | #finances

A quarter (5.7 million) of the UK working age population don’t think they’ll ever be financially independent, according to Scottish Widows’ latest Retirement Report. The most commonly cited indicators for achieving financial independence included being debt-free (56%), having sufficient emergency savings (51%) and comfortably meeting daily expenses (43%). Looking at financial resilience, the data published by…

Two in five people expect their financial position to worsen this year

27th January 2025 Arrears and Recoveries | #debt #finances

New Censuswide polling from StepChange Debt Charity finds that just over two in five (41%) GB adults – equivalent to 21.3 million people – expect their financial situation to worsen over the next 12 months. The findings show that meeting the cost of living and higher energy bills this month is a major factor driving…

Households confident over their 2025 finances

3rd January 2025 Consumer Lending | #finances

The majority of UK households are heading into 2025 feeling financially secure, but more people think the health of the economy is worsening than improving according to KPMG’s UK Consumer Pulse survey. The analysis shows that 57% of people feel financially secure, while just a fifth (21%) feel insecure. While half of those polled said…

Quarter of over 55s lack confidence in financial position

23rd May 2023 Consumer Collections | #finances

A quarter of adults aged over 55s lack confidence in their current financial position and nearly half have experienced a reduction in their disposable income, Paragon Bank research has revealed. The survey of over 3,000 people aged 55 or over found that 25% felt unconfident in their current financial position, compared to 44% who felt…

Nearly 50% of people fear their finances are in a state of chaos

6th December 2022 Arrears and Recoveries | #finances

Nearly four in ten people feel their finances are in a state of chaos, as bills, taxes, food prices and transport costs put a strain on their income. A poll of 2,000 UK adults found 27 per cent are currently in some kind of unsecured debt, estimating it will take them over three years to…

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