Debt problems – home finance
14/02/2011Debt problems are still rife in the UK in 2011, despite officially coming out of the recession at the end of 2009.
It appears British households are still failing to get to grips with their personal finances, following the release of figures from a new report by a national retirement planning firm.
The study from Scottish Widows shows 71 per cent are still finding it difficult to balance their life priorities.
A survey by the group finds 37 per cent have major concerns over the potential for losing their jobs – a figure which has reduced just one per cent compared to 2010.
Savings expert at Scottish Widows, Iain McGowan, says: "We remain in difficult times, with Brits still unable to give their health, wealth or home life as much priority as they would like.
"Although it can seem daunting, taking the first steps towards improving your financial outlook is vital in getting control of other areas of your life." 
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