Debt-hit motorists resort to car sharing
Debt-hit motorists resort to car sharing
Monday 22nd September 2008
In a poll conducted by the AA, 47 per cent of motorists admitted that they are now considering car sharing.
Of these, some 51 per cent said that their primary reason for doing so was to save money on petrol costs.
The cost of motoring has been sent soaring by rises in the price of oil, with demand from emerging economies outstripping supply and causing higher prices at the pump.
The findings are indicative of the way that global economic conditions are impacting on people's behaviour as their finances are assaulted by a combination of the soaring cost of living and increased repayments on their loans, mortgages and credit card debt.
Consumers concerned over their financial situation are advised to enlist a provider of debt management services for professional debt advice.
Let Debt1 help solve your debt problems
Related News
UK consumer debt up 30% - 18/09/08
More and more Britons are becoming concerned over whether their pension income will be sufficient to live on when they retire, a study has shown
More and more Britons are becoming concerned over whether their pension income will be sufficient to live on when they retire, a study has shown
UK unemployment up 80,000 - 18/09/08
UK unemployment rose again between May and July, official figures have shown, prompting fresh fears that consumer debt problems could be set to spiral this year
UK unemployment rose again between May and July, official figures have shown, prompting fresh fears that consumer debt problems could be set to spiral this year
Inflation hits 4.7% - 16/09/08
The cost of living continued to rise during August, new figures have shown, increasing the likelihood that more Britons could fall into problem debt
The cost of living continued to rise during August, new figures have shown, increasing the likelihood that more Britons could fall into problem debt
Social class 'determines income' - 10/09/08
UK consumers' personal financial situations, such as debt levels, are still largely determined by "social class", the Trades Union Council Congress will be told
UK consumers' personal financial situations, such as debt levels, are still largely determined by "social class", the Trades Union Council Congress will be told
Homeowners 'continue to seek debt advice' - 09/09/08
People are seeking debt advice because they cannot get a mortgage despite the government's rescue package, the UK Insolvency Helpline has revealed
People are seeking debt advice because they cannot get a mortgage despite the government's rescue package, the UK Insolvency Helpline has revealed
