debt news

Tinchy Stryder talks money to London school kids

Submitted by debt free editor on Tue, 09/03/2010 - 17:16

When rappers are usually talking about money, the focus is usually on big cars and “bling” but British rapper Tinchy Stryder has been bucking the trend, teaching schoolchildren in London about the importance of looking after your finances.

As part of a government scheme to introduce concepts of debt and financial management to children at a younger age, the 22-year-old rapper spoke to youngsters in South London about the value of saving and investing.

No pay increase for half of UK workforce, survey claims

Submitted by debt free editor on Tue, 02/03/2010 - 18:39

More than 16m workers – more than half of the UK’s workforce – will not get a pay increase of any kind this year, a survey has claimed.

Research by YouGov has found that 16m will not be expecting an increase in the next 12 months whilst another 9m expect to receive an increase that is lower than the rate of inflation.

It is claimed that civil servants, including nurses, teachers and care workers will feel the pinch most of all, as all of the key political parties warn of cutbacks in public spending should they win the forthcoming election.

New report says that UK debt will push retirement age to 70

Submitted by debt free editor on Thu, 25/02/2010 - 17:32

The UK’s debt problems could see the retirement age pushed up to 70, a new report by PriceWaterhouseCoopers (PWC) has suggested.

Poor public finances and an ageing, longer living, population will be to blame for the rise in the state pension age the report by one of the UK’s leading consultancies said.

Over-55’s fail to save and enter retirement riddled with debt problems

Submitted by debt free editor on Wed, 10/02/2010 - 11:08

New research from insurer Aviva has shown that two fifths of ‘pre-retirement’ people aged 55 and over, are failing to accrue any savings and entering retirement with substantial debt problems.

Non- mortgage debts do not tend to be a problem for the pre-retirement group and the average household does not tend to enter retirement with debts from credit cards, overdrafts or loans.

Government debt advice service unable to keep up with demand

Submitted by debt free editor on Thu, 04/02/2010 - 11:00

The free debt advice service offered by the government is unable to cope with the 28% rise in queries from people struggling with debt problems, a new survey has shown.

The recession has seen the number of people seeking debt advice soar in recent months, and research has suggested that one in ten people are having problems with payments on their loans and credit cards.