Savings & Investment Advice Islington
It's good to save? We all know that but here are a few statistics:
*Total outstanding personal debt in the UKstood at £1.451 trillion at the end of March 2012.Individuals owe more than what the whole country produced during the whole of 2011.
Every Day in the UK
Based on the latest available data, Credit Action estimates that every day in the UK:
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314 people are declared insolvent or bankrupt every day (based on Q1 2012 trends). This is equivalent to 1 person every 63 seconds during each working day.
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1,473 Consumer County Court Judgements (CCJs) are issued every day (based on Q4 2011 trends). The average value of a Consumer CCJ in Q4 2011 was £2,949.
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Citizens Advice Bureaux in England and Wales dealt with 8,518 new debt problems every working day during the year ending December 2011.
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It costs an average of £28.44 per day to raise a child from birth to the age of 21.
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93 properties are repossessed every day (based on Q4 2011 trends).
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104 new people a day became unemployed for over 12 months during the year ending February 2012.
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1,907 people a day reported they had become redundant between December 2011 and February 2012.
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The Government's Public Sector Net Debt (including financial interventions) will fall by an average of £189,100,000 today, equivalent to £2,188 per second (based on March 2012 data).
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The Government pays an estimated £128,690,000 of interest each day on the UK's Public Sector Net Debt of £2181.0bn (including financial interventions).
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196 mortgage possession claims are issued and 149 mortgage possession orders are made every day 388 landlord possession claims are issued and 275 landlord possession orders are made every day.
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The UK population is growing by an estimated 1,342 people a day.
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0.4m plastic card purchase transactions were made every day in February 2012 with a total value of £1.501 billion.
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8.1m cash withdrawals will be made daily with a total value of £547m (based on Q4 2011 trends).
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The average car costs £18.33 per day to run. It cost £71.25 to fill a 50 litre tank with unleaded petrol in April.
The statistics speak for themselves and the problem will not go away by burying your head in the sand. You have to make resolving your debts and saving money a mission. Gain control of your finances, develop the right habits and you will be surprised how much you can achieve.
A journey of a 1000 miles begins with the first step!
Contact: clare@gmpifa.co.uk or mark@gmpifa.co.uk or contact either of us on 0207 288 6400
Investments
We can provide you with a clear structured investment strategy which begins with identifying your growth and/or income requirements and measuring your attitude to risk.
The world is changing all the time and we believe that your investment strategy should be relevant, flexible and transparent with access to world class fund managers.
The value of investments can fluctuate. You may not get back the full value of your investment. Past performance cannot be used as a guide to the future.