UK Personal Finances & Spending (2017-2018): Borrowing Has Been a Real Driver of Growth in Consumer Spending - ResearchAndMarkets.com

September 24, 2018

DUBLIN--(BUSINESS WIRE)--Sep 24, 2018--The “UK Personal Finances and Spending” report has been added to ResearchAndMarkets.com’s offering.

Over the past decade, personal income growth in the UK has stagnated and inflation has eroded disposable income.

Borrowing has been a real driver of growth in consumer spending, in spite of concerns over the strains that debts are placing on household finances. At the same time, while some consumers have been motivated to put money to one side, in anticipation of more tough times ahead, others have been less able than ever to build up a buffer.

This report utilises survey responses from more than 2,446 consumers, across 2017 and 2018. It looks at saving rates and how these are changing, at how common borrowing is, where consumers are borrowing from and how manageable their debts are. Most crucially it evaluates how consumer savings, debt levels and access to credit impact what they spend their money on, and particularly how it is causing them to reduce expenditure on their homes.

Key Topics Covered

1. Executive Summary

2. Financial Security

How Difficult Are Bills And Commitments?How Difficult Are Rent/Mortgage Payments?How Much Interest Are Consumers Paying?Expectations For The Future

3. Borrowing

Who Do Consumers Currently Owe Money To?What Have Consumers Borrowed To Fund?Borrowed To Fund - Change On 2017Borrowing DriversBorrowing Drivers - Change On 2017Credit Card Debt And Burden Of PaymentsUse Of OverdraftsPersonal Loan Debt And Burden Of PaymentsPersonal Finance AgreementsBurden Of Personal Finance Agreements

4. Income, Saving and Spending

Income Frequency And Impact On SpendingImportance Of Benefits And Tax CreditsHow Much Do Consumers Save?What Are Consumers Saving For?Are Loans/Debts Making Consumers Cut Back?In What Areas Are Consumers Cutting Back?What Do Consumers Plan To Spend On?How Will Consumers Pay For Big Purchases?5. MethodologyFor more information about this report visit https://www.researchandmarkets.com/research/kw3zgj/uk_personal?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180924005363/en/

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SOURCE: Research and Markets

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PUB: 09/24/2018 05:18 AM/DISC: 09/24/2018 05:18 AM


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