Abacus Daily Debt News

Those in debt difficulty may want to seek help for their troubles - possibly by taking out an individual voluntary arrangement - as it has been reported that people with more money tend to live longer.

Research carried out by Club Vita has revealed a correlation between high affluence and increased life expectancy.

The study looked at the connection on a national scale and discovered parallels between areas of wealth and the ability to enjoy a long retirement.

Nick Flint, chief executive of the organisation, said: "The link between high wealth and increased life expectancy has been suspected but our analysis highlights the true extent of the longevity gap between the haves and the have-nots."

He added that poorer people’s life spans have only been improving at a slow rate over the last 15 years and this trend looks set to continue.

The Children’s Mutual recently reported that parents in Britain are delaying retirement in order to fund their adult children.

By Joe Shervin

An industry expert has described the findings of a recent study - which showed that people in 2010 are not going to let the recession affect their life plans - as bewildering.

Andrew Hagger, spokesman for moneynet.co.uk, was commenting on research carried out by Clydesdale Bank and Yorkshire Bank.

The survey revealed that many Britons do not intend to let the economic downturn interfere with expensive decisions - such as marriage, family planning and setting up a business - this year.

Mr Hagger remarked: "It is quite surprising because it has been such a hard recession and probably one of the toughest that some people have experienced."

He added that it is "perhaps disappointing" if people had failed to change their ways in the wake of such a period.

The analysis conducted by the banks found that 60 per cent of adults are pressing on with their general expenditure plans, but one in eight would be cancelling a holiday.

By Joe Shervin

The government has failed to take advantage of the onset of a new tax year to help people with their money - and to prevent them from falling into debt - a campaign group has announced.

SaveOurSavers has criticised the lack of incentives made by the government to encourage people to save their cash.

Research carried out by the organisation revealed that 52 per cent of British adults believe more initiatives - such as tax breaks - should be introduced to ease people’s money fears.

Over a fifth of those questioned said that more official promotion of the importance of looking after finances needed to take place.

Andrew Haldenby, a founding member of the group, said: "Today was a lost opportunity for the government to implement a new regime of incentives and stability."

A study carried out by unbiased.co.uk recently claimed that Britons could be retuning to bad habits regarding debt as individuals were borrowing 62p for every £1 that they saved in the fourth quarter of 2009.

By Joe Shervin

The level of debt in Britain is so high that people are struggling to pay their dental fees, research has suggested.

Simplyhealth’s Annual Dental Survey 2010 has found that in 2009, 39 per cent of Britons had to settle costs over £50 using a credit card, while two per cent were forced to take out a loan.

The study revealed that 43 per cent of the nation have put off visiting their dentist for fear of being unable to meet the price of treatment, 35 per cent of which have gone on to develop serious tooth problems.

James Glover, from the healthcare provider, said: "It’s extremely
worrying that people are going to these lengths to pay for their dental treatment and that others are delaying to the point of pain and long-term damage."

Earlier in the week, data compiled by Churchill Home Insurance showed that an increasing number of people are to do their own household maintenance - or DIY - over the Easter break to save money.

By Joe Shervin