What causes financial pressure?
Figures indicate that the average British family has:
- little or no money saved – one in three of us saved nothing in recent years!
- a large amount of fixed living expenses to pay every month; and
- an increasing amount of credit commitments.
This means most people are depending on future income to survive. There are many reasons for this and it may be helpful to look at some of them briefly.
Lack of financial education
Many of us were never taught how t...
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