6 January 2009
A new survey has suggested that increasing numbers of British families will be left with no disposable income in 2009, as unemployment rises and the burden of paying bills and repaying debts continues to grow.
The latest Nielsen/British Retail Consortium survey claims that 21% of families currently have no money remaining after essential monthly expenses have been paid.
That number is expected to rise to 25% this year, according to The Telegraph, as household incomes are hit by job losses.
Andy Garbutt, director of retail at PricewaterhouseCoopers, said: “The increase in unemployment and the falling level of bonuses mean it would be no surprise that about a quarter of families would not have disposable income.”
A debt expert for Think Money commented: “It’s essential that families assess their ability to pay household bills and repay debts, and consider the possibility of unemployment.
“We advise people who feel they may start struggling with their debts to seek professional debt advice at the first sign of trouble.”
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Tags: debt, debts, disposable income, income, expenditure
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