Saturday, August 25, 2007
7% of adults express grave concern over their exposure to debt
7% may not seem like a lot but according to this report 7% is around 2 million adults. When questioned people tend to not confess to debt problems or may not realise their level of exposure because they have just MEW'ed. What hits me as frightening is that despite interest rate rises over the last year a quarter of consumers have increased their borrowing. For balance the article also states that just under a quarter of those surveyed were debt free with another 40% were not worried about their ability to repay their debts.