While many Brits may be scrimping and saving too pay of their loans or keep up with home insurance payments, some have not reigned in their spending, new research reveals.
Discussing new figures from Abbey, which show that one in eight people have not decreased their spending, Hugo Shaw, investment manager at Bestinvest, said this is not surprising.
He argued that if people are still employed and have retained their job they may now be benefitting fromreduced mortage rates and energy bills.
As a result, they can still afford to maintain their previous spending pattern.
However, he cautioned: "Job losses are being felt, and even if you are fairly comfortable at the moment, who knows what may be the case six months down the line."
Meanwhile, 27 per cent of Brits have had to dip into their savings accounts as a result of the credit crunch, Fairinvestment.co.uk has recently discovered.
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