Key Quotes - Money

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Last update: Wednesday 25th March




More than three million people are struggling with energy bills, nearly five million are in debt to their water company and more than a million have had their phone cut off.
Money	Jesus Life – Two / 2005



A quarter of those in debt are receiving treatment for stress, depression and anxiety from their GP.
Money	Jesus Life – Two / 2005



Over six million UK households are now finding it difficult to meet their financial commitments.
Money	Jesus Life – Two / 2005



In Britain the average debt burden is estimated at over a trillion pounds. That’s £1,000,000,000,000 or $1.8 trillion!
Money	New Horizons May / June 2005



Parents are collectively spending more than £8 billion on toys for their children each year, research has shown. The average child has toys worth £715 bought for them every year, according to internet bank Egg.
Money	The Sentinel – 10th June 2005



People in their 30s could be forced to work until they are more than 74 unless they dramatically increase the amount they save. Prudential said people in their 30s were setting aside an average of just £62 a month towards their retirement, £340 a month less than they need to.
Money	The Sentinel 14th June 2005



British household debt has reached one trillion pounds equivalent to £17,000 for every individual. Personal debt is now greater than the UK’s annual income and is rising by £1 million every four minutes. In 2003 the Samaritans answered 4.6 million calls from people in despair.
Money	Crown and Commonwealth – Spring 2005



Since its launch in 1985, Comic Relief has raised more than £337 million. In 2003, Red Nose Day raised £61,447,539. 40% of the money raised through Red Nose Day is allocated to work in the UK and 60% goes directly to work in Africa.
Money	Kids Alive – 5th March 2005



During 2003, fair trade sales rose by 46% to a retail value of over £93 million.
Money	Christian Herald – 5th March 2005



30,000 people die every day as a direct result of the poverty they live in.
Money	Youthwork - April 2005



Extreme debt has reached crisis point in Britain, with a growing number owing six figure sums, according to the country's biggest debt management charity. After surveying the debt burden of its 60,000 clients, the Consumer Credit Counselling Service found more than 800 people had loans totalling £100,000 or more. The figures come after the Bank of England announced last month that the UK's total household debt has passed the £1 trillion mark. Consumers are frequently allowed to rack up vast amounts of debt without creditors knowledge by using one credit card to pay off another.
Money	The Independent on Sunday - 30th January 2005



Total outstanding student debt in the UK rose 18.7% to just over £14.6bn last year according to a study by the Royal Bank of Scotland. Students graduate owing an average of £12,000, up from £6,000 when Labour came to power, and one in 10 students owe above £15,000. However, around this average there were vast differences; students at Birbeck, a University of London College for part-time students had debts of £128 a year, whole students at Bath University debts of £7,471.However, the study also revealed that students spend nearly £1bn a year on alcohol, a cost which was second only to rent in the total expenditure.
Money	Christianity – October 2004



No-one ever claimed it was cheap to bring up children, but new research has put a figure on the amount parents spend on kids and it's a staggering sum. Nearly £50,000 is spent on each child in their first 17 years - that's £49,572 for a girl, or £2,916 a year, and £47,430, or £2,790 a year for a boy. The figures cover the cost of food, hobbies, clothes, school trips, pocket money and holidays. It all adds up to a massive £38 billion a year, says online bank Egg, which carried out the research. And if that's not enough, the research found that 631,000 children receive financial support from their parents after they're 30, with 148,000 still getting handouts from mum and dad at the age of 44 or over.
Money	The Universe – 9th January 2005



Drivers are losing £7.2 billion on the value of their cars by not looking after them, according to research published today. Caring for your four wheels can make a £1,000 difference to the price of the car, according to esure.
Money	The Sentinel – 3rd November 2004



Better financial education is needed to encourage the 46% of Britons who currently have no investments to start saving. A study found that educating people is the key to persuading people to invest more.
Money	The Sentinel – 10th November 2004

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