One in Four Britons Lack a Financial Plan

The debt charity Consumer Credit Counselling Service (CCCC) issued its warning following a survey by the Institute of Financial Planning which reveals that one in four Britons (26%) are not setting themselves a clear budget to stick to each month.

The CCCS says that those who do not set themselves a clear budget are more likely to fall into unmanageable debt as high inflation, low wage growth and rising unemployment threaten to make 2012 a difficult year.

It says in its recent Debt and Household Incomes report 6.2 million households were identified as ‘financially vulnerable’, and that financial planning could play a key part in helping struggling Britons survive the difficult times ahead.

Debt and household Income Report

Addendum: Although Amril do not deal with Consumer Debt we believe this information might help to understand the problems people face.  The key is EDUCATION