Debt management may safeguard against predicted increases in expenditure
Debt management may safeguard against predicted increases in expenditure
- Wednesday, 20 January 2010Debt management may become more pertinent for many families, with one organisation predicting the average household will have £1,130 less disposable income by 2013.
The Telegraph reports that in three years' time the typical household will go from having £13,160 a year left over after paying key bills to £12,028 - a decrease of £1,132.
The research, by retail analyst firm Verdict, cites higher taxes, National Insurance, utility bills and mortgage payments as the driving factors contributing to the decrease.
Verdict director Neil Saunders told the newspaper: "It doesn't matter which shade of government we have, taxes have to go up and that will strip people's incomes.
"Mortgage rates, which are at a very low level, are set to increase and utility bills are also likely to rise. This will all take money out of people's pockets," he added.
According to the latest figures from the Office for National Statistics, most categories of expenditure increased in 2008.
The average UK household weekly spend in 2008 was £471, up from £459.20 the previous year.

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