For free debt advice from Debt Advisers Direct


Retail therapy `leads to debt`

21/05/2007

Britons tend to head to the shops when they are stressed out, leading to high levels of debt, according to new research.

Figures from charity the Retail Trust indicate that almost one-quarter of UK adults, including 40 per cent of those aged 18-24, go shopping to combat stress, the Retail Bulletin reports.

Some 32 per cent of men say that they have accrued debts from shopping, while people living in the West Midlands and the north-east were revealed to owe the most.

Retail Trust chief executive Nigel Rothband said: "It is estimated that an astonishing one in five people in Britain work in the retail industry and the survey reinforce the fact that there are a large number of people in need of help and advice."

People who work in the service industry are almost twice as likely to turn to retail therapy when under stress, the study reveals.

In related news, UK retail sales have fallen for the first time in the past three months, according to the Office for National Statistics.

British reliance on gas for energy growing 06/01/2009 - New figures suggest that Britain’s dependence on natural gas is Small business seek cap on credit cards 06/01/2009 - Credit card interest rates should be capped to help small What can I do to avoid Christmas debt? 05/01/2009 - Christmas is traditionally a happy time – a time spent Lenders `told to deliver contradictory objectives` 31/12/2008 - Over recent weeks, banks and building societies have been under
Fill in our form, an expert will call you back for free
Title:
First name:
Surname:
Telephone:
Mobile:
Email:
Best time to call:
By continuing, I agree to the privacy policy
Debt Advisers Direct © 2009 All rights reserved. Debt Advisers Direct is a trading style of Freeman Jones Limited.
Carlton House, Vere Street, Salford M50 2GQ. Company registration No. 4348410. Registered in England and Wales