Spending habits change as cuts continue

A survey from R3*, the trade body for Insolvency Professionals, has suggested that:

  • more than 80% of people have changed their spending habits in the past 12 months
  • 51% are buying fewer non-essentials such as clothes and DVDs
  • 47% of respondents say they now shop around before purchasing goods
  • 22% admit to buying non-essential goods from supermarkets rather than specialist retail chains

*Source – Credit Action May 2011 edition

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