People Raid Savings As Finances Worsen

Western Daily Press › June 21, 2011

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Summary

Consumers are increasingly having to dip into their savings to cover the rising cost of living, new figures suggest.

Six times as many (36 per cent) households reported seeing their finances deteriorate in June, in comparison with those that saw an improvement (six per cent), according to the Household Finance Index (HFI) carried out by Markit.

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Extract

People Raid Savings As Finances Worsen

One in five...

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