Debt perception v reality
Payplan have released an infographic showing what the public's perceptions of debt are and how this sits in comparison to the reality. It is very clear to see that reality of debt is far from the thoughts of many people:
Online comparison site money.co.uk has looked into the true extent of Britain's debt and how it affects us all, including which areas will be worse off after the cuts.
Read more about their findings.
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A new service created by the Consumer Credit Counselling Service (CCCS) has been introduced to automatically screen for depression and anxiety when anyone uses 'Debt Remedy', their online debt counselling service.
The link between depression and debt is well established. Recent research shows that between 50% and 90% of people in debt are anxious or depressed and are twice as likely to have suicidal thoughts.
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According to a recent Telegraph article, Britain has become a 'shameless' nation where a third of adults are not embarrassed to discuss their debt.
New research from uSwitch.com also found that more than a third of respondents are happy to discuss their salary with friends and family.
Almost all Britons say that shopping in 'budget' shops is acceptable and that they wouldn't be ashamed to buy second hand goods as getting the best price possible is more important than saving face.
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