Household finance 'under pressure in August'

mystic_trev

With government cutbacks and likely tax rises looming, nearly half of the respondents expected their finances to weaken further over the coming year - while only a quarter felt their incomes would improve.

Job security featured prominently in the results with 22% of private sector respondents reporting a drop in job security, compared to 6% who said they felt more secure.

A weak housing market completes the depressing picture, with about 23% believing their property had lost value in August, compared with 9% who thought it had increased.

Mr Moore said the findings represented "a downbeat mood" which spanned the household income spectrum.

http://www.bbc.co.uk/news/business-11053227

Bullfighter

Great new for house prices!!!!

Dirk_Rambo

Bullfighter wrote: »

Great new for house prices!!!!

not!!!!!!!!

michaels

Do we have any historic comparatives for the survey? I seem to remember that on balance people tend to 'expect' not to be better off during the coming year even though with economic growth on average they are.

Generali

michaels wrote: »

Do we have any historic comparatives for the survey? I seem to remember that on balance people tend to 'expect' not to be better off during the coming year even though with economic growth on average they are.

I can't find any numbers but from memory people are more optimistic about their own future and more pessimistic about the economy as a whole on average.

I think people generally feel the same way about their health and driving ability too. They think they are healthier and better drivers than average for their circumstances.