A recent YouGov poll commissioned by the Times newspaper has produced some worrying findings regarding Britain\u2019s Middle-class workers and their ability to pay even a modest sized unexpected bill, without having to consider a bank or payday loan.<\/p>\n
According to the poll\u2019s results, 31% of ABC1 workers, the socio-economic group that includes junior managers and professionals, would need to borrow in order to cover a \u00a3500 domestic emergency or car bill, which is evidence of a savings squeeze in many UK households.<\/p>\n
Of the 1,648 people who took part in the YouGov survey, 14% admitted they would even struggle to cover a \u00a3100 bill that had not been budgeted for, with women less likely to have adequate funds than men.<\/p>\n
Despite continued low inflation, many workers have not had a significant pay rise for years, if at all, while at the same time, the average family debt, which currently stands at \u00a313,520, continues to worry some analysts. Martin Lewis, presenter of the BBC Radio 4\u2019s Money Box programme, suggests that families should have enough savings to pay bills for \u201cat least six month\u2019s\u201d.<\/p>\n
A well planned savings and investment strategy is something we should all consider, and\u00a0seeking simple, structured, disciplined and reviewable financial planning advice\u00a0will help\u00a0you\u00a0change the fundamental relationship you\u00a0have with your\u00a0money. This\u00a0often gives people\u00a0confidence and clarity in their own futures.<\/p>\n
If would like to discuss your\u00a0financial situation and investment strategy, then please call Alan or Tim at The Financial Planning Group on 0800 731 7614 and we can arrange a meeting at our offices in the heart of Teddington.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" A recent YouGov poll commissioned by the Times newspaper has produced some worrying findings regarding Britain\u2019s Middle-class workers and their ability to pay even a modest sized unexpected bill, without having to consider a bank or payday loan. According to the poll\u2019s results, 31% of ABC1 workers, the socio-economic group that includes junior managers and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1498","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\n