R3 Personal Debt Snapshot Wave 10 - February

Transcription

1 R Personal Debt Snapshot Wave 0 February METHODOLOGY NOTE ComRes interviewed,00 adults online between st and rd February 0. Data were weighted to be demographically representative of all British adults aged +. ComRes is a member of the British Polling Council and abides by its rules. All press releases or other publications must be checked with ComRes before use. ComRes requires hours to check a press release unless otherwise agreed.

2 Table Q. How worried or otherwise are you about your current level of debt? Base: All respondents ONLINE Fieldwork : strd February 0 Page Gender Male Female Age + AB Social Class C C DE England Midlands Wales & Extremely worried % % % 0 0 % % % % Very worried 0% % % 0 % % % 0 Fairly worried 0 0% 0% % % % 0% 0% % 0% 0 0% % 0% Not at all worried 0 0% 0 0 NET: Extremely/ Very/ Fairly worried 0 % 0% 0

3 Table Q. How worried or otherwise are you about your current level of debt? Base: All respondents ONLINE Fieldwork : strd February 0 Page ern Yorks & Humber Wales London Extremely worried % % % 0 % % % % Very worried Fairly worried 0 0% 0% % % 0 % 0% 0% Not at all worried 0 0 0% 0 0 0% NET: Extremely/ Very/ Fairly worried 0 0 0% 0 0%

4 Table Q. What kind of debt is worrying you? Base: All respondent extremely, very or fairly worried about their debts ONLINE Fieldwork : strd February 0 Page Gender Male Female Age + AB Social Class C C DE England Midlands Wales & Credit cards 0 0% % Overdraft % 0% % % % % % % 0 0% Mortgage repayments 0 0% 0% % % % % % 0 % Bank loans % 0 0% 0% % % % % % % % Loans from friends or family 0 % % % 0% 0 % % % 0% 0% 0 0 % 0% % % Student loans 0 % % % % % 0 % Paying a Debt Management Plan 0 0 % % % 0 % % Store cards 0% 0 % % Payday or other similar shortterm, high interest loans 0% % % % 0 % 0% % % Hire purchase % % % None of these % 0% % 0 0% 0% 0% % 0% % % %

5 Table Q. What kind of debt is worrying you? Base: All respondent extremely, very or fairly worried about their debts ONLINE Fieldwork : strd February 0 Page ern Yorks & Humber Wales London Credit cards 0% 0 Overdraft % 0% % 0% % % 0 Mortgage repayments 0 % % % % % Bank loans % % % % 0 % % 0% % Loans from friends or family 0 % % % % Student loans 0 0% % Paying a Debt Management Plan % 0 0% % % % % Store cards % 0% % Payday or other similar shortterm, high interest loans % % % 0 % % % Hire purchase % 0 % % None of these % % % % % 0 0% % %

6 Table Q. Do you currently pay for childcare? Base: All respondents ONLINE Fieldwork : strd February 0 Page Gender Male Female Age + AB Social Class C C DE England Midlands Wales & Yes 0 0% % % No 0 0% 0 0% 0 0 Prefer not to say % % % % % % % % %

7 Table Q. Do you currently pay for childcare? Base: All respondents ONLINE Fieldwork : strd February 0 Page ern Yorks & Humber Wales London Yes % % No Prefer not to say % % % % % %

8 Table Q. In order to meet childcare costs have you ever used any of the following? Base: All respondents currently paying for childcare ONLINE Fieldwork : strd February 0 Page Gender Male Female Age + AB Social Class C C DE England Midlands Wales & 0 0 Savings % % 0 % 0 00% % Overdraft 0 % % 0 0% 0% Loans from friends or family 0% % 00% 0% Credit cards % 00% 0% % Bank loans 0% % 0 % % % % Student loans 0% 0 % % % % Payday or other similar shortterm, high interest loan % % % None of these 0% 0% 0%

9 Table Q. In order to meet childcare costs have you ever used any of the following? Base: All respondents currently paying for childcare ONLINE Fieldwork : strd February 0 Page ern Yorks & Humber Wales London 0 Savings % % % % Overdraft 0% % % 0% % Loans from friends or family 0% % 0% 0% Credit cards % 0% Bank loans 0% % % 0% % Student loans 0% % % % Payday or other similar shortterm, high interest loan None of these % % % % 0

10 Table Q. Which of the following, if any, applies to you? Base: All respondents ONLINE Fieldwork : strd February 0 Page Gender Male Female Age + AB Social Class C C DE England Midlands Wales & I do not have any savings at all at the moment % % % 0% 0% % % % 0 0% % % 0% % I think my personal financial situation will improve over the next six months % % % 0 % 0 % 0% % I think my personal financial situation will worsen over the next six months 0% % % % 00 0% % % I am paying off the interest charges on my credit card each month, but not reducing the debt itself 0% % I am currently falling behind with some bills and payments 0% % 0 % 0 I am currently in a Debt Management Plan 0 % % % % I am paying off the interest charges on my overdraft each month, but am not paying off the overdraft itself 0 0 % I am likely to go into an unauthorised overdraft position or exceed my overdraft limit this month 0% % % % % 0 % % I have taken on a payday loan in the past six months % 0 % % % % % % % % % %

11 Table Q. Which of the following, if any, applies to you? Base: All respondents ONLINE Fieldwork : strd February 0 Page 0 Gender Male Female Age + AB Social Class C C DE England Midlands Wales & None of these 0% % 0% 0 0 0% 0 0 0

12 Table Q. Which of the following, if any, applies to you? Base: All respondents ONLINE Fieldwork : strd February 0 Page ern Yorks & Humber Wales London I do not have any savings at all at the moment % % % 0% 0 0% 0% I think my personal financial situation will improve over the next six months % % 0% 0 % 0% % % % 0% I think my personal financial situation will worsen over the next six months % % % 0% I am paying off the interest charges on my credit card each month, but not reducing the debt itself % I am currently falling behind with some bills and payments 0% 0% 0 I am currently in a Debt Management Plan % % % I am paying off the interest charges on my overdraft each month, but am not paying off the overdraft itself 0 % 0 0 % I am likely to go into an unauthorised overdraft position or exceed my overdraft limit this month % % % I have taken on a payday loan in the past six months % % % % % % %

13 Table Q. Which of the following, if any, applies to you? Base: All respondents ONLINE Fieldwork : strd February 0 Page ern Yorks & Humber Wales London 00 0 None of these 0 0 0

14 ONLINE Fieldwork : strd February 0 Page Table Q. In the past six months, have you ever prioritised paying back any shortterm, high interest loan such as a payday loan or doorstep loan, over spending on each of the following, or not? Yes, I prioritised making payments on a payday loan over spending on... Base: All respondents Who have taken out a payday loan in past months Gender Male Female Age + AB Social Class C C DE England Midlands Wales & 0 0 Buying clothes for myself or my family 0% 0 Buying food 0% 0% 0% 0% Paying a gas or electricity bill 0 0% % Buying petrol or transport costs % % % 0% Paying a bank loan or credit card bill 0% 0% % Socializing % % % None I have never prioritised paying back any shortterm, high interest loan over any of the above 0% % % 0% 0% Don't know % % % % 00%

15 ONLINE Fieldwork : strd February 0 Page Table Q. In the past six months, have you ever prioritised paying back any shortterm, high interest loan such as a payday loan or doorstep loan, over spending on each of the following, or not? Yes, I prioritised making payments on a payday loan over spending on... Base: All respondents Who have taken out a payday loan in past months ern Yorks & Humber Wales London Buying clothes for myself or my family 00% Buying food 00% Paying a gas or electricity bill 0% % % 00% 0% Buying petrol or transport costs % 00% Paying a bank loan or credit card bill 0% % % 0% % Socializing None I have never prioritised paying back any shortterm, high interest loan over any of the above 0% % Don't know % 00%

16 Table Q. Which of the following events was responsible for pushing you into debt? Base: All respondent extremely, very or fairly worried about their debts ONLINE Fieldwork : strd February 0 Page Gender Male Female Age + AB Social Class C C DE England Midlands Wales & Increase in costs of living alongside wages failing to keep up 0% 0 0 0% Loss of employment 0% 0% 0% 0 0% 0% 0 0% 0% % Paying for nonessential items such as a holiday 0 0% 0% % % 0% % % Change in relationship status % % % % % % 0% % 0% 0% 0 % % % % Paying for childcare or childrearing costs % % 0 0% % % 0% 0% Fees/ University/ college expenses/ loan % % % % % % % % Health/ Illness % % 0 % % % % % % % % % % % % Reduction in work hours/ Single income % % % % % % % % % % % % % % % Poor financial management/ investments % % % % % % % % % % % % % % % % % Self employed/ Business not doing well % % % % % % % % % % % % % Car expenses % % % % % % % % % Added/ extra taxes % % % % % % % Reduction/ no increase in salary % % % % Property improvements % % % % %

17 Table Q. Which of the following events was responsible for pushing you into debt? Base: All respondent extremely, very or fairly worried about their debts ONLINE Fieldwork : strd February 0 Page Gender Male Female Age + AB Social Class C C DE England Midlands Wales & 0 0 Buying a house % % % % % % Retirement % % % Helping family % % % Increasing debt % % % Loss of child benefits % % Moving house % Poor endowment policy % % % Loss of benefits % % Other % % % % % % % % % % % % % % None of the above 0 % % 0% 0% % % % 0% % 0 % 0 0

18 Table Q. Which of the following events was responsible for pushing you into debt? Base: All respondent extremely, very or fairly worried about their debts ONLINE Fieldwork : strd February 0 Page ern Yorks & Humber Wales London Increase in costs of living alongside wages failing to keep up 0% 0 Loss of employment 0% % % % 0 % 0% Paying for nonessential items such as a holiday % % % % % Change in relationship status % % 0% % % % Paying for childcare or childrearing costs 0% % 0% 0% 0% % Fees/ University/ college expenses/ loan % % % % % % Health/ Illness % % % % % % % % % Reduction in work hours/ Single income % % % Poor financial management/ investments % % % % % % % % Self employed/ Business not doing well % % Car expenses % % % % % Added/ extra taxes % % % % Reduction/ no increase in salary % % Property improvements % %

19 Table Q. Which of the following events was responsible for pushing you into debt? Base: All respondent extremely, very or fairly worried about their debts ONLINE Fieldwork : strd February 0 Page ern Yorks & Humber Wales London Buying a house % % Retirement % % % Helping family % % % Increasing debt % % Loss of child benefits % % Moving house % % % Poor endowment policy % % Loss of benefits % % Other % % % % % % None of the above 0 % 0% 0 % % 0%

20 Table Q. Which of the following applies to you? Base: All respondents ONLINE Fieldwork : strd February 0 Page Gender Male Female Age + AB Social Class C C DE England Midlands Wales & I never struggle to make it to payday % % % % % I am not currently employed % % 0 0% % % 0 0 % I sometimes struggle to make it to payday 0 0% 0 0 % % 0% 0% 0% I often struggle to make it to payday 0% 0% % 0% % 0 % 0

21 Table Q. Which of the following applies to you? Base: All respondents ONLINE Fieldwork : strd February 0 Page 0 ern Yorks & Humber Wales London I never struggle to make it to payday % % % % 0 % % 0% I am not currently employed % % 0% I sometimes struggle to make it to payday 0% % % 0% 0% 0 I often struggle to make it to payday % % %

22 ONLINE Fieldwork : strd February 0 Table Q. Which of the following, if any, apply to you? Leading up to payday, I struggle financially as a result of... Base: All respondents who struggle to make it to payday Page Gender Male Female Age + AB Social Class C C DE England Midlands Wales & Rising costs of living 0% 0% 0 0% 0 Making credit card repayments 0 0 % 0 0 0% % % Wage freezes % % % % % 0% 0% % Spending on going out or on nonessentials (e.g. clothes, DVDs, presents, etc.) 0 % % 0% 0% % 0 Making mortgage repayments 0% 0 0 % % % % % % Paying off bank loans % 0 % 0% 0 0 % % % Recent cuts in welfare benefits 0 % 0 % 0 % % % Paying for childcare 0 % 0% % % % 0 0% Paying a Debt Management Plan 0% % 0 % 0 Making payments on a payday loan or some other similar shortterm, high interest loan 0 % 0 0 % % None of these 0 0 % %

23 ONLINE Fieldwork : strd February 0 Table Q. Which of the following, if any, apply to you? Leading up to payday, I struggle financially as a result of... Base: All respondents who struggle to make it to payday Page ern Yorks & Humber Wales London Rising costs of living Making credit card repayments 0 0% 0% % 0 0% 0% Wage freezes % % 0 % 0% 0 % Spending on going out or on nonessentials (e.g. clothes, DVDs, presents, etc.) 0 % % 0% % Making mortgage repayments % 0 0% % % 0 % Paying off bank loans % % 0% % % % % Recent cuts in welfare benefits % % 0 % Paying for childcare % % % % 0% Paying a Debt Management Plan % % % Making payments on a payday loan or some other similar shortterm, high interest loan % % % % None of these % % % 0 0% % 0%