Brits feel insecure over financial problems

Millions of Britons fear financial insecurity and personal debt, yet nearly a quarter (22 per cent) try to just ignore their money woes.

These are some of the findings of Scottish Widows' Priorities of Life Index research, which also shows that over a third (36 per cent) of Britons admit to not prioritising their financial security, whilst over a fifth (22 per cent) are in too much personal debt to feel secure.

Alison Morris, savings expert at Scottish Widows advises that people should spend "a bit more time on their finances" in order to feel more secure in the future.

She adds that if Britons can save "a small percentage" of their wage each month, they could ward off personal debt problems and end up with a much more comfortable retirement.

Kevin Still, director of Atlantic Financial Management says: "Many people with debt problems make false economies that may financially hurt them further down the line, especially in a recession."

They advise you to never ignore debt problems, seek professional financial and debt advice.

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