Have you reached your ‘affordability tipping point?’

Research from moneysupermarket.com has found that 22% of Brits say they are now so stretched, they have reached their ‘affordability tipping point’ and can no longer make ends meet as the cost of living has now become too high for them.

Moreover, 30% of those surveyed suggested that if their monthly outgoings increased by less than £100, they would be unable to meet everyday living costs.

40% of adults said that the soaring cost of petrol had had the most significant effect on their spending and budgeting over the last 12 months.

 

Source: Credit Action June 2011 edition

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