AXA outlines strain of credit crunch on 'middle Britain'

The claim comes in light of findings from AXA's recent study that revealed 72pc of households with a total income of £30,000 or more were looking to cut spending. The poll of almost 6,000 people revealed that 15pc of affluent households have taken on second jobs or sent a non-working member of the household out to work, while around one in five high earners plan to either stop saving or reduce their pension contributions. The most common reason cited for failing to save for retirement was a dearth of disposable income at month end (30pc) whilst 15pc blamed the savings cessation on the b...