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Households finances hits worse level for six months
09/12/2011
The Markit Household Financial Index fell in October indicating people are feeling poorer.
A senior economist as Markit, Tim Moore, explained that households are suffering from high levels of inflation eroding their incomes, which is resulting in real income levels dropping. This is expected to continue next year.
The UK is already suffering from the worst squeeze in living standards in over 30 years as runaway prices, higher taxes and slow wage rises eat into budgets. Homeowners aged over 55 years who are concerned about their finances and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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