Scary Stuff!

southernscouser

We're clearly not spreading the MSE word! :eek:

http://www.creditaction.org.uk/debtstats.htm

jessicamb

:eek: :eek: :eek: :eek: :eek:

You'll have to get the nerd army mobilised and into action.

Very scary reading.

lynsayjane

holy crap. if i wasn't in debt i'd think about a career in money lending...or not!

southernscouser

Britain's personal debt is increasing by ~ £1 million every four minutes.

I wonder how many of these people will end up on here? :think:

southernscouser

Plastic cards in issue were 190m in 2004. This works out at an average of 4.1 plastic cards for every adult in the UK.

I just find the statistics on here fascinating!

jessicamb

southernscouser wrote:

Britain's personal debt is increasing by ~ £1 million every four minutes.

I wonder how many of these people will end up on here? :think:

Just shows how much of a consumer society we are in. Thankfully I can see through it now but like many others I had the "I want it, I want it now" approach to money. Its scary how you see it in others though - my brothers just finished college and is complaining that he has "only" £700 to last him until September (bearing in mind he is living at home atm rent free).

Heres to lightbulb moments and doing something about them :beer:

PeachPickle

southernscouser wrote:

Britain's personal debt is increasing by ~ £1 million every four minutes.

I wonder how many of these people will end up on here? :think:

:eek: that site is scary reading

southernscouser

Three quarters (74%) of British couples find money the hardest subject to talk about with their partners according to a recent survey by the Financial Services Authority (FSA). They also found that over a quarter (27%) of couples regularly argue when they try to discuss their finances; about a third (32%) of couples lie to their partners about how much they spend on their credit cards; over a third (35%) of British couples are kept awake at night worrying about their money situation

It might be easier for everyone to read it as I'm only gonna post everything thats on there but it's scary how much it relates to this board! :eek:

southernscouser

94% of 16 year olds believe it is important to know how to manage money; only 53% have been taught how to.

:rolleyes:

southernscouser

25 million Brits (56%) spend 60 minutes or less per week reviewing their finances, with the average amount of time we dedicate as a nation reaching only 1 hour 19 minutes – the least amount of time in Europe, according to a study from Scottish Widows. We spend nearly twice as long (2 hours 11 minutes) chatting on the phone or texting each week, and 6 times as long (8 hours 4 minutes) watching TV.

The only reason it's that high is coz of us lot on here! :rotfl:

southernscouser

Around 15 per cent of 18 to 24- year-olds think an individual savings account (ISA) is an iPod accessory, and one in 10 reckon it's an energy drink. With rising personal debt levels in Britain, and a lack of long-term savings, better money management seems a pressing issue.

Please tell me that is a p!ss take! :eek: :rotfl: