Converted Lurker Posted April 11, 2006 Share Posted April 11, 2006 (edited) Saving rates as only slightly more important than buying gadgets One in five adults are more likely to spend their spare cash at the end of the month on a shopping spree or a holiday than save for retirement, claims Aon Consulting. Research of 1,680 adults in full or part-time work, highlights UK employees regard paying into pensions only slightly more important than buying the latest gadgets such as an iPod or Playstation Portable (PSP). http://firstrung.co.uk/articles.asp?pageid...1714&cat=47-0-0 Fifty nine per cent of the UK population spend more than they earn Cahoot, one of the largest internet banking institutions have announced some worrying spending cultures developing. Cahoot's recent announcement stated that 59 per cent of the UK's population are spending more than what they earn. The result of these figures means that over 49 per cent use their credit cards to overspend and over 48 per cent use a bank account overdraft. http://firstrung.co.uk/articles.asp?pageid...1713&cat=47-0-0 Edited April 11, 2006 by Converted Lurker Quote Link to comment Share on other sites More sharing options...
ʎqɐqɹǝʞɐɥs Posted April 11, 2006 Share Posted April 11, 2006 Saving rates as only slightly more important than buying gadgets One in five adults are more likely to spend their spare cash at the end of the month on a shopping spree or a holiday than save for retirement, claims Aon Consulting. Research of 1,680 adults in full or part-time work, highlights UK employees regard paying into pensions only slightly more important than buying the latest gadgets such as an iPod or Playstation Portable (PSP). http://firstrung.co.uk/articles.asp?pageid...1714&cat=47-0-0 Fifty nine per cent of the UK population spend more than they earn Cahoot, one of the largest internet banking institutions have announced some worrying spending cultures developing. Cahoot's recent announcement stated that 59 per cent of the UK's population are spending more than what they earn. The result of these figures means that over 49 per cent use their credit cards to overspend and over 48 per cent use a bank account overdraft. http://firstrung.co.uk/articles.asp?pageid...1713&cat=47-0-0 What is this firstdung you speak of? Quote Link to comment Share on other sites More sharing options...
HousePriceLottery Posted April 11, 2006 Share Posted April 11, 2006 What is this firstdung you speak of? firstdungnow.com - now that sounds better :-) Quote Link to comment Share on other sites More sharing options...
Rhombus Posted April 11, 2006 Share Posted April 11, 2006 This is not new news. It would be interesting to see a breakdown demographics and ages vs. pensions, etc as the results given are averaged out and see how that has shifted over last 25 years. You can bet your bottom dollar that the 18-30 age group has a far more 'live for today' attitude than ever before. Why is that then? We could be here all night with that one.......................... Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted April 11, 2006 Author Share Posted April 11, 2006 (edited) What is this firstdung you speak of? Not sure mate, someone keeps sending me links and I appear on their google alerts for first time buyers, here try it, be my guest: http://news.google.co.uk/news?hl=en&tab=wn...buyers&ie=UTF-8 Cheeky t*ats keep mailing me about mortgages too, Pink or someone, hav`nt they heard there`s a crash coming? I`ve heard on the grapevine the money grabbing bs`tard CEO is only in it for the money as well, where`s the pony tailed roller blading fun in that eh? http://www.google.com/alerts?hl=en&q=first+time+buyers Edited April 11, 2006 by Converted Lurker Quote Link to comment Share on other sites More sharing options...
Guest Guy_Montag Posted April 11, 2006 Share Posted April 11, 2006 (edited) On five live this evening, there was a report (with brief interview with debt advisor) about the record number of IVAs. Unfortunately I didn't pay that much attention. So I can't give you any extra details. But the net can: Q4 2005: IVAs up 24% qoq & 117% yoy For further information Edited April 11, 2006 by Guy_Montag Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted April 11, 2006 Author Share Posted April 11, 2006 This is not new news. It would be interesting to see a breakdown demographics and ages vs. pensions, etc as the results given are averaged out and see how that has shifted over last 25 years. You can bet your bottom dollar that the 18-30 age group has a far more 'live for today' attitude than ever before. Why is that then? We could be here all night with that one.......................... I`ll mail someone in the know and ask, good points, we probably already know the answers. but worth asking anyhow. Quote Link to comment Share on other sites More sharing options...
erd Posted April 11, 2006 Share Posted April 11, 2006 Why save though? If anything goes wrong and you have been prudent enough to save money you will get get squat! Better off spending it on wine, women and song, then if anything goes wrong you get all the help you need :angry: Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted April 11, 2006 Share Posted April 11, 2006 I have to say that I do have my 'might get hit by a bus tomorrow moments'. FFS, I might never make it to 65! Live every day as if its your last! I think I want to enjoy life now. What is the point of scrimping and going without for a day that you may never reach? But you still have to, just in case. Sigh. Quote Link to comment Share on other sites More sharing options...
jonewer Posted April 11, 2006 Share Posted April 11, 2006 Why save though? If anything goes wrong and you have been prudent enough to save money you will get get squat! Better off spending it on wine, women and song, then if anything goes wrong you get all the help you need :angry: In, fact you will be punished for saving and be forced to compensate those poor souls who pissed it all up the wall. Quote Link to comment Share on other sites More sharing options...
Guest Vim Fuego Posted April 11, 2006 Share Posted April 11, 2006 In, fact you will be punished for saving and be forced to compensate those poor souls who pissed it all up the wall. However, on the other hand you could be like my mate......who's never saved a day in his life....has a house now with all that comes with it: gas bills, electric bills, council tax, mortgage - the guy is behind with all of these. I tell you, he is a shadow of what he once was....all for the sake of having some bricks around him... Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted April 11, 2006 Share Posted April 11, 2006 However, on the other hand you could be like my mate......who's never saved a day in his life....has a house now with all that comes with it: gas bills, electric bills, council tax, mortgage - the guy is behind with all of these. I tell you, he is a shadow of what he once was....all for the sake of having some bricks around him... Well Vim Fuego, welcome. At last, a reasonable post. Ah yes, the shadow of what you once were. Property does that to you. I am but a mere shadow of my former self - back when I thought property prices went up forever. Good for you VF. Quote Link to comment Share on other sites More sharing options...
Guest Vim Fuego Posted April 11, 2006 Share Posted April 11, 2006 Well Vim Fuego, welcome. At last, a reasonable post. Ah yes, the shadow of what you once were. Property does that to you. I am but a mere shadow of my former self - back when I thought property prices went up forever. Good for you VF. hey thanks WAL!...please forgive me - sometimes I write without thinking..well actually most of the time I write without thinking! But hey, this is a forum....so...speak as you find I say!! Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted April 11, 2006 Share Posted April 11, 2006 One day, just one court in London out of 4 which covers the London Area. The queues are getting longer Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted April 11, 2006 Author Share Posted April 11, 2006 Why save though? If anything goes wrong and you have been prudent enough to save money you will get get squat! Better off spending it on wine, women and song, then if anything goes wrong you get all the help you need :angry: I recall popping in for a chat here over Xmas and so many were bragging scrooge-like re. the dustbins they`d trawled to the bottom of to buy their presents for their relatives. It made me take stock of a lot of the posters on here. I`m not advocating total recklessness, but if you don`t take risks you risk missing out. Quote Link to comment Share on other sites More sharing options...
Guest Vim Fuego Posted April 11, 2006 Share Posted April 11, 2006 One day, just one court in London out of 4 which covers the London Area. The queues are getting longer Bloody hell Charlie......phewee:( that is some list... Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted April 11, 2006 Share Posted April 11, 2006 Bloody hell Charlie......phewee:( that is some list... Follow the link Monday to Friday and you will spit your coffee out. I have it added to my signature along with the companies winding up court. Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted April 12, 2006 Share Posted April 12, 2006 did this happen in the late 80s/90s crash ? as i remember it was a lot of personal repos and ccjs, but not so much company wind ups. Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted April 12, 2006 Share Posted April 12, 2006 did this happen in the late 80s/90s crash ? as i remember it was a lot of personal repos and ccjs, but not so much company wind ups. We lost 28 commercial customers who went to the wall. One were third generation builders. Quote Link to comment Share on other sites More sharing options...
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