Only one in 10 households were hopeful that inflation would ease and more than half thought that inflation would be higher than any rise in their earnings over the next year.
Interpreting the figures, L&G’s executive director savings, Mark Gregory, says: “This means that across the UK over 11 million households are likely to find they are struggling to pay the bills as their household finances come under continued pressure during the coming months.”
According to the insurer, around 3.3 million households are currently spending more than they have coming in on paying bills and debts.
Households struggling to meet their outgoings have an average monthly shortfall nationwide of around £74 per month.
Research for the L&G’s MoneyMood Survey was carried out by TNS Omnibus.
Telephone interviews were conducted among a nationally representative sample of around 1,000 adults between 20th and 23rd April 2012.
Source:
onlineautoinsurance.com
