Key Quotes - Money

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Last update: Wednesday 25th March




Motorists pay £2,202 a year to keep their car on the road, a survey has shown. The cost of running a car has risen by 7.2% from £2,053 last year, as petrol prices eat into drivers’ wallets. Fuel costs now set drivers back by an average of £1,226 a year.
Money	The Sentinel – 5th September 2006



In the USA gambling goes on to the tune of more than $30 billion a year. It has been noted in a recent survey that at least 88 million Americans participate in some form of gambling, and 15.5 million gamble illegally.
Money	Evangelical Times – September 2006



According to an Inland Revenue source, jackpot machines gobbled up more than $600 million in the last financial year.
Money	Evangelical Times – September 2006



Experts predict that the total number of people going bankrupt in 2006 will exceed 100,000 for the first time.
Money	Evangelical Times – September 2006



The popularity of Individual Savings Accounts (ISAs) surged during 2005 with balances rising by an estimated 33% to almost £200bn.
Money	The Sentinel – 9th August 2006



One in five people says they do not trust their pension provider; while nearly half do not know how much their retirement fund is worth. Nearly a fifth of people did not think they had to pay anything for the management of their fund, and 48% did not realise they paid charges on an annual basis.
Money	The Sentinel – 31st July 2006



Britons spend more on holidays than any other nation in Europe. Nearly a third of us splash out between £300 and £500 on a vacation. Nearly half of Britons go away on three or more holidays a year. The Germans are the most frugal, with more than three quarters of them forking out less than £207.
Money	The Sentinel – 31st July 2006



Taking a day off work to celebrate Scotland’s patron saint would benefit the country by a massive £27 million, a report commissioned by the Scottish Parliament’s Enterprise and Culture Committee has found.
Money	The Universe – 25th June 2006



Parents collectively spend £990 million on school uniform for their children every term. The average parents spend £185 getting their child kitted out.
Money	The Sentinel – 17th July 2006



More than a third of Britons are out of control with their holiday spending and are in danger of storing up financial woes when their sun-tan has faded according to research from Chiltern Debt Management.
Money	Source Marketing Communications – July 2006



Almost 80% of young women happily spend more than they earn. Another three quarters admit to being spendaholics while a similar amount says having fun is more important than a career.
Money	The Sentinel – 18th July 2006



A study by consumer website MoneySavingExpert.com found that a Nectar point available at Sainsbury’s, could be worth just 0.54p while a Tesco Clubcard point is worth just 1p in store.
Money	The Sentinel – 21st June 2006



Self Employed people are more likely to insure their pets than they are their own incomes. Only one in five self employed people have accident insurance, while just 8% have income replacement cover in case they are unable to work, but nearly a quarter have taken out pet insurance. Meanwhile only 18% of all workers have accident cover.
Money	The Sentinel – 16th June 2006



Daughters get more parental cash than sons in their attempts to get on the property ladder. Research by the Co-operative Bank shows that female offspring can bank on 72% more financial help when buying their first home. In addition, up to four times more females than males have received as much as £20,000 from mum and dad to help them take their first step on the ladder.
Money	The War Cry – 24th June 2006



Consumers are so keen to snap up a bargain that many end up spending more than they intend to. The Alliance and Leicester found that nearly two thirds of people cannot resist buying something if they thing it’s a bargain.
Money	The Sentinel – 23rd June 2006

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