Key Quotes - Money

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Last update: Wednesday 25th March




According to Prudential, kids can wave goodbye to their inheritance. Only one in five (19%) parents plan to leave their children an inheritance Over two thirds of parents would rather help their children financially while they are alive 63% of parents would prefer giving their children multiple amounts over time instead of one lump sum.
Money	Prudential – June 2006



Nine out of ten people in the UK are comfortable with their debts and one in five expects to reduce their borrowing over the next twelve months according to research.
Money	MyCallcredit - June 2006



Self made millionaires may owe much of their success to their genes. Scientists believe entrepreneurship could largely be a genetic trait. A study found that almost half an individual’s propensity to become self-employed was due to genetic factors.
Money	The Sentinel – 6th June 2006



The number of people living in poverty has increased since Labour came to power if people’s spending rather than their income is taken into account.
Money	The Sentinel – 17th May 2006



Men continue to earn more than women in every region of the UK, according to a new study. Weekly earnings are highest for London workers, where men earn £790 and women £567 on average.
Money	The Sentinel – 23rd May 2006



People contacting Citizens Advice for help have sunk so deep into debt it would take them around 77 years to clear their borrowings. The average person it helped now owed £13,153 nearly a third more than they did a year ago.
Money	The Sentinel – 24th May 2006



In July last year, an estimated three billion people watched one of the 10 Live 8 concerts that took place around the world to highlight the issue of African debt and urge the world’s political leaders to make poverty history.
Money	Third Sector – 31st May 2006



Scottish bank customers are now paying over £1m a month to access their own money through cash machines. The number of machines that charge a fee, usually £1.25 or £1.50, has now risen to 1,432, more than a third of the ATM’s in Scotland. But of the 29 million transactions a month, over 97% are still free.
Money	Life & Work – June 2006



People find trading up the property ladder more stressful than buying their first home. Many are seeing their mortgage repayments jump by more than £200 a month.
Money	The Sentinel – 28th April 2006



Britons are blowing money they receive through bonuses, inheritance and redundancy pay on holidays, new cars and luxuries.
Money	The Sentinel – 13th April 2006



Hospital patients in England are being charged up to £1.5 million a year for car parking.
Money	The Sentinel – 28th March 2006



Britons are collectively spending £1.6 billion celebrating their birthdays each year. People spend on average of £48 on their own birthday, 55% more than the £31 they part with for a close friend or relative.
Money	The Sentinel – 17th March 2006



One in three people have had a property purchase fall through, with more than three million people being victims of gazumping. Guzumping is a bigger problem in England and Wales than in Europe.
Money	The Sentinel – 16th March 2006



The number of calls to a debt advice line are double last year’s level.
Money	The Sentinel – 25th January 2006



Parents to be spend an average of £1,560 on their baby before it is even born. One in seven people said they spent between £2,000 and £2,500.
Money	The Sentinel – 25th January 2006

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