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Household finances dropped in the UK in August
19/09/2011
In 40% of homes their finances decreased between the months of July and August. This is the worst drop in home finances since February 2009.
These are the latest figures from the financial information company, Markit. Out of the 1500 adults involved in the study many reported a rise in their level of debt and a fall in income and savings.
However, out of the total households studied only 6% reported an improvement in their finances.
According to Markit, the Household Finance Index dropped for the third consecutive month to its lowest level since it first started in 2009.
With household finances at its lowest point, many people are trying to find ways of topping up their income. For homeowners aged 55 years and over, equity release plans could be the solution they need. These plans release money from your property to help during this climate.
To find out how equity release plans can help you and to answer that all important question, do you qualify? Contact the right equity release for advice on releasing money that is otherwise tied up in your home.
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