UK consumers are not worried they will not be able to manage their debt situation despite household debt having exceeded the £1trn mark, says Nationwide.
Latest findings by the natiowide Building Society shows 95% of consumers say they have enough money to pay their mortgages each month, whereas only 2% say they are regularly struggling. Nationwide’s survey suggests 74% usually have enough money to make the repayments on their borrowings with 11% regularly facing difficulties. Current economic climate as well as low unemployment figures seem to have lifted consumers' confidence, with 71% saying they are optimistic about the numbers of jobs currently available, the survey suggests. Nationwide’s executive director Stuart Bernau says...
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