Tuesday, Jan 22, 2008
Spend Spend Spend (Just like Viv Nicholson)
BBC: Millions 'spend more than income'
Five million people, or one in 10 adults, spend more than they earn on a monthly basis, according to financial comparison website Uswitch. The website said a further fifth of adults have no spare money left at the end of the month. Half of those living beyond their means rely on overdrafts and credit cards to plug the gap, it said. The findings come amidst widespread concerns that higher debts may push more people into insolvency this year.
Posted by jack c @ 12:28 PM (292 views) Add Comment
2 Comments
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1. Dc said...
This article says that the average wage is £2607 (£31,284 pa) which sounds very high and is that supposed to be gross or after tax? I assume that it is gross so the tax will be over £600 and that must be essential spending. So how can the total essential spending be £1,229?
Sounds like nonesense to me!
2. bidin'matime said...
Viv Nicholson?? You're showing your age, jack c...