Credit Crunch: Debt Worries for Singles
Posted on 31 July, 2010 at 1:11 by Peter Kelly
The credit crunch means that single people are more financially exposed and worried about their financial future due to only having one income.
According to research by Zurich, debt is at the forefront of many minds and many are looking to find the best ways to solve any outstanding debt problems. Almost half (45%) believe that avoiding credit card debt is important and to lead a debt free lifestyle.
Tony Solomon, from Zurich, said: “Modern life can leave very little time for people to sort out their finances. But the fact that more than a third of single adults worry about the added financial cost of being single, suggests that being single in this current economic climate may be more fretful than fabulous!”