20% of retired homeowners are still paying off their mortgage, with the amount outstanding averaging £38,000. One in eight pensioners owe more than £50,000 on their homeloan, and a third also owe money on credit cards, with the average balance weighing in at £5,900.
According to research from Scottish Widows, the total debt held by UK pensioners adds […]

The UK’s leading stock index fell 1.83% yesterday as ongoing concerns about global credit markets shook investor confidence on both sides of the Atlantic.
The US equivalent of the FTSE, the Dow Jones, was hit even more badly, losing 2.8%, Germany’s DAX index fell 2%, France’s CAC-40 lost 2.17% and Japan’s Nikkei opened down 1.4%.
The crisis […]

UK families are more likely to discuss sex, current affairs or religion than finances, according to a study by Picture Financial.

 The research revealed that, despite 77 per cent of the UK population admitting to regularly worrying about their finances, people are still unlikely to talk money matters with family members.

 Julia Dallimore, marketing director at […]

Leeds is the most cost-effective place to study in the UK, according to a survey by the Royal Bank of Scotland. 
The Student Living Index rates Leeds as the city that represents the best value for money, with students more than £2,238 better off than those at the least cost-effective university town, Nottingham.
RBS Head of Student […]

British families are four times more willing to talk about sex than finances, despite the fact that more than 75% of us worry about money management.
Money rates just fourth place as a preferred topic for discussion, after sex, current affairs and religion.
The lack of healthy conversation about our finances leads to unrest, with 38% of […]

Millions of gamblers in the UK are dicing with debt, with 21% of the nation’s monthly gambling funded through debt or by eating into savings according to research by MoneyExpert.com.
The comparison website says 13% of gamers can only afford their habit by borrowing money and a further 8% are using up personal savings.
Figures show that […]

Over eight million people are in “serious debt” and a quarter struggle to make their monthly repayments according to debt consultancy Thomas Charles. Around 10% owe between £10k and £20k, while 3% owe between £20k and £30k. James Falla, director of Thomas Charles, said: “Over the past year, we have seen a sharp increase in people who […]

The satirical magazine Private Eye often runs spoof stories taking the Mick out of the Daily Mail and its habit of printing doom-laden stories to put the collywobbles up Middle England.
‘Giant asteroid threatens stock market’ was one such gem: ‘Economist warns of house price collapse’ ran another. Never mind the house prices, missus: that was […]