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Personal Finance News
01/11/12
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Money advice in increasing demand, says study
31/10/12
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Payment barriers exist for disabled and older people, says study
31/10/12
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Gender differences apparent when financial planning
31/10/12
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Half of Brits shop with a basic credit card, says study
30/10/12
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Number of Brits sitting on forgotten direct debits - 2.68 million
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This Week's Personal Finance News Update
01/11/12
-
Money advice in increasing demand, says study
31/10/12
-
Payment barriers exist for disabled and older people, says study
31/10/12
-
Gender differences apparent when financial planning
31/10/12
-
Half of Brits shop with a basic credit card, says study
30/10/12
-
Number of Brits sitting on forgotten direct debits - 2.68 million
30/10/12
-
More than half of parents are unaware of Junior ISAs
30/10/12
-
Over 80% of advisers name 'cost & administration' as top employer concern
30/10/12
-
Brits left with £1.4bn repair bill during 'mischief week'
29/10/12
-
East of England landlords at apex of yield chart
29/10/12
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Buyers more optimistic about Scottish property market
News
02/05/2012 15:00:02
A third have had their standards of living reduced by bill hikes
The rising cost of household bills has reduced the standard of living of 29 per cent of the population.
Santander's research reveals that in the past decade, the cost of household bills have risen at almost double the rate of the retail price index over the same period (71 per cent versus 38 per cent).
Salaries have risen from £16,964 in 2001 to £21,093 in 2011, which is an increase of just 24 per cent
As a consequence of relatively static wages and soaring living costs, ten per cent say they would not be able to cope financially if bills were to rise any further in the next year.
Carlos Palacios, banking director at Santander, said: "People have already been forced to make a number of adjustments to their lifestyle to cope with the hikes, and many will struggle to cope with further increases such as the water bill hikes recently announced."
Consumer Focus recently reported that four in ten people say their winter energy bill is even higher than last year, despite the fact it was one of the mildest in recent times.
