The ArgusGrowing debt problem in Sussex revealed with one in three struggling (From The Argus)

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Growing debt problem in Sussex revealed with one in three struggling

The Argus: Growing debt problem in Sussex revealed with one in three struggling Growing debt problem in Sussex revealed with one in three struggling

Almost one in three residents in parts of Sussex are falling behind on their debt repayments, a new study has found.

More than 100,000 people in the county currently feel their debts have become a “heavy burden” or have fallen at least three months behind on their loans according to a new Government report.

In Brighton and Hove, about one in seven residents regard themselves as over-indebted while the figures are one in five in Eastbourne and one in eight in Worthing.


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Hastings has the highest number of “over-indebted” residents in the South East with 28% of residents struggling with their level of debt – far higher than the national average of 18%.

The figures are based on the report by the Government Money Service.

Charity workers said the number of residents seeking debt support continued to rise and residents were increasingly turning to credit cards and payday loans.

Jackie Grigg, director of debt charity Money Advice and Community Support in the Old Steine in Brighton, said the service advised 428 people for the whole of 2012/13 but has already had 607 enquiries since April last year.

The rising number – which includes 450 referrals from Brighton and Hove City Council, including residents struggling to pay rent or council tax – is despite the service only operating ten hours a week and not advertising its advice line.

She said: “We thought we had hit a peak last year but the number of residents needing advice keeps going up and up.“ There seems to be more and more people trying to budget as frugally as possible but still finding there’s not enough around to make ends meet.

“We are seeing more and more people use credit cards and payday loans not just for a new fridge or a holiday but to prop up their weekly income.”

John Puttock, a debt adviser with St Luke’s Advice Service in Exeter Street, Brighton, said the debts of clients currently seeking help with his service ranged from £168 to £67,000.

He added: “We are also seeing more people coming to us with short-term loans and payday loans which tend to have very high interest rates.”

Brighton and Hove Citizens Advice Bureau in Tisbury Road, Hove, has helped 211 clients with 1,013 debt problems since April 2013 with each client suffering from £11,557 of debt on average.

Operations Manager Imogen Forbes advised it was important people “don’t wait for debts to mount before they seek help”.

Labour’s parliamentary candidate for Hastings and Rye Sarah Owen said “The Government’s own shocking figures show how they are failing to get a grip on the cost of living crisis in places like Hastings and Rye.”

Brighton and Hove CAB will be at the Jubilee Library on Thursday January 30 as part of Big Energy Saving Week.

Comments (25)

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8:52am Tue 14 Jan 14

s&k says...

No suprises here under this vicious government.
No suprises here under this vicious government. s&k
  • Score: 1

9:48am Tue 14 Jan 14

Richada says...

What is surprising is that more Eastbourne residents claim to be “over-indebted” than here in Brighton.

As always one would tend to question the validity of the "study" we certainly haven't been asked.

What is beyond doubt is that there is a gathering debt crisis - one which is set to explode when, rather than if, the interest rates rise, although the interest rates on payday loans are already so high, it probably won't make a lot of difference to those saddled with that type of debt.
What is surprising is that more Eastbourne residents claim to be “over-indebted” than here in Brighton. As always one would tend to question the validity of the "study" we certainly haven't been asked. What is beyond doubt is that there is a gathering debt crisis - one which is set to explode when, rather than if, the interest rates rise, although the interest rates on payday loans are already so high, it probably won't make a lot of difference to those saddled with that type of debt. Richada
  • Score: 3

9:53am Tue 14 Jan 14

hey mongo says...

Hi rents low wages end of conversation...
Hi rents low wages end of conversation... hey mongo
  • Score: 24

10:17am Tue 14 Jan 14

We are the 99% says...

The Tories ARE responsible!
They should be charged with treason against the people for the way they have impoverished THEIR own people!
Sorry!
THEIR people are the rich!
We ordinary people, mean nothing to them!
NOTHING!
The Tories ARE responsible! They should be charged with treason against the people for the way they have impoverished THEIR own people! Sorry! THEIR people are the rich! We ordinary people, mean nothing to them! NOTHING! We are the 99%
  • Score: -4

10:27am Tue 14 Jan 14

clubrob6 says...

This always happens under a tory government,the rich get richer while the poorer get poorer.But I suppose that applies to all three of the so called main parties these days all run by millionaires.Bankers are still getting rewarded for failure,MPs are about to get a massive rise while everthing effecting the middle class down is facing cuts and pay freezes and reduced pay.Even the new government mortgage scheme is mainly there for rich landlords to get cheap mortgages so as to but more properties to turn into rabbit hutch style studio flats that charge the same as what you would pay for a three bed house further north.Wages are no better in the south but the cost of living is greater.Interest rates WILL go up in the next year or so and the government wont be able to afford its DEBT and guess who is going to face the brunt of it the working class down.
This always happens under a tory government[I don't mention the lib dems as they are just tagging along],the rich get richer while the poorer get poorer.But I suppose that applies to all three of the so called main parties these days all run by millionaires.Bankers are still getting rewarded for failure,MPs are about to get a massive rise while everthing effecting the middle class down is facing cuts and pay freezes and reduced pay.Even the new government mortgage scheme is mainly there for rich landlords to get cheap mortgages so as to but more properties to turn into rabbit hutch style studio flats that charge the same as what you would pay for a three bed house further north.Wages are no better in the south but the cost of living is greater.Interest rates WILL go up in the next year or so and the government wont be able to afford its DEBT and guess who is going to face the brunt of it the working class down. clubrob6
  • Score: 7

11:35am Tue 14 Jan 14

Crystal Ball says...

People sometimes live outside of their means and don't make changes to their lifestyle or outgoings during times of austerity.
People sometimes live outside of their means and don't make changes to their lifestyle or outgoings during times of austerity. Crystal Ball
  • Score: 28

12:09pm Tue 14 Jan 14

medianscore says...

clubrob6 wrote:
This always happens under a tory government,the rich get richer while the poorer get poorer.But I suppose that applies to all three of the so called main parties these days all run by millionaires.Bankers are still getting rewarded for failure,MPs are about to get a massive rise while everthing effecting the middle class down is facing cuts and pay freezes and reduced pay.Even the new government mortgage scheme is mainly there for rich landlords to get cheap mortgages so as to but more properties to turn into rabbit hutch style studio flats that charge the same as what you would pay for a three bed house further north.Wages are no better in the south but the cost of living is greater.Interest rates WILL go up in the next year or so and the government wont be able to afford its DEBT and guess who is going to face the brunt of it the working class down.
The divide between rich and poor grew under Labour too. No difference between them or the Tories. The LibLabCON's are now a one party clan.

Vote UKIP.
[quote][p][bold]clubrob6[/bold] wrote: This always happens under a tory government[I don't mention the lib dems as they are just tagging along],the rich get richer while the poorer get poorer.But I suppose that applies to all three of the so called main parties these days all run by millionaires.Bankers are still getting rewarded for failure,MPs are about to get a massive rise while everthing effecting the middle class down is facing cuts and pay freezes and reduced pay.Even the new government mortgage scheme is mainly there for rich landlords to get cheap mortgages so as to but more properties to turn into rabbit hutch style studio flats that charge the same as what you would pay for a three bed house further north.Wages are no better in the south but the cost of living is greater.Interest rates WILL go up in the next year or so and the government wont be able to afford its DEBT and guess who is going to face the brunt of it the working class down.[/p][/quote]The divide between rich and poor grew under Labour too. No difference between them or the Tories. The LibLabCON's are now a one party clan. Vote UKIP. medianscore
  • Score: 17

12:17pm Tue 14 Jan 14

a person says...

People being in debt is not a new thing . Some people need to stop
blaming other people for their own bad money management.

You often hear mothers saying “you have to buy your children
the new gadgets / designer clothes so they are the same as other children “.

Well no you don’t , you tell the child we can not afford it.
Explain the difference between want and need, and don’t spend what you don’t have ,

I used to tell my children “ parents have to give the money to father Christmas before he can give the presents to the children “.
to explain why some children did not get what they wanted.

Surely if you read the 200 / 300% interest
you would think twice .

If you think you can afford to pay back £50 for borrowing £200 for one month,
then maybe you get your money too easy.

I know this is only one part of bad debt , and having to choose between
Heating / food and bills is totally soul destroying.

Unfortunately all the time the governments think it is ok to support other countries and nationalities instead of England and its own things will never Improve.
People being in debt is not a new thing . Some people need to stop blaming other people for their own bad money management. You often hear mothers saying “you have to buy your children the new gadgets / designer clothes so they are the same as other children “. Well no you don’t , you tell the child we can not afford it. Explain the difference between want and need, and don’t spend what you don’t have , I used to tell my children “ parents have to give the money to father Christmas before he can give the presents to the children “. to explain why some children did not get what they wanted. Surely if you read the 200 / 300% interest you would think twice . If you think you can afford to pay back £50 for borrowing £200 for one month, then maybe you get your money too easy. I know this is only one part of bad debt , and having to choose between Heating / food and bills is totally soul destroying. Unfortunately all the time the governments think it is ok to support other countries and nationalities instead of England and its own things will never Improve. a person
  • Score: 28

12:28pm Tue 14 Jan 14

notaconspiracy says...

I got into debt some years ago and was helped by a debt-advisory agency.

The most painfully obvious advice, though, was 'if you can't afford it, don't buy it', (ie. no credit). This works a treat, by the way, unsurprisingly!
I got into debt some years ago and was helped by a debt-advisory agency. The most painfully obvious advice, though, was 'if you can't afford it, don't buy it', (ie. no credit). This works a treat, by the way, unsurprisingly! notaconspiracy
  • Score: 29

12:46pm Tue 14 Jan 14

Skidrow says...

Lets debunk the myth that the govt mortgage help scheme helps landlords. It doesn't. If it did i would have been there already & bought more properties. The schemes are for people to buy their own homes, landlords and prospective buy to letters are not eligible.
Lets debunk the myth that the govt mortgage help scheme helps landlords. It doesn't. If it did i would have been there already & bought more properties. The schemes are for people to buy their own homes, landlords and prospective buy to letters are not eligible. Skidrow
  • Score: 7

1:50pm Tue 14 Jan 14

uniteagainstparkingcharges says...

The first line of this article is misleading and exaggerates the figures: "Almost one in three residents in parts of Sussex are falling behind on their debt repayments, a new study has found. "

But then states that "Hastings has the highest rate of “over-indebted” residents in the South East with 28% of residents struggling with their level of debt".

So it seems not even Hastings which is supposedly fairing worse than anywhere else in Sussex even has a figure of 1 in 3. A more accurate average across Sussex would probably be nearer to 1 in 10 but that wouldn't make a great headline.

Still it's not like the Argus to let facts get in the way of a good story.
The first line of this article is misleading and exaggerates the figures: "Almost one in three residents in parts of Sussex are falling behind on their debt repayments, a new study has found. " But then states that "Hastings has the highest rate of “over-indebted” residents in the South East with 28% of residents struggling with their level of debt". So it seems not even Hastings which is supposedly fairing worse than anywhere else in Sussex even has a figure of 1 in 3. A more accurate average across Sussex would probably be nearer to 1 in 10 but that wouldn't make a great headline. Still it's not like the Argus to let facts get in the way of a good story. uniteagainstparkingcharges
  • Score: 12

4:45pm Tue 14 Jan 14

getThisCoalitionOut says...

It amazes me how many people are paying HP for a car that they can't afford to run - why do this? Then they spend a fortune on mobile phone contracts that they also can't afford.

People need to write down all their income and outgoings and just look at the different things they're spending money on that they don't really need and could live without.

If people don't own a house and owe a lot of money then look at going bankrupt. There's so much information online now.
It amazes me how many people are paying HP for a car that they can't afford to run - why do this? Then they spend a fortune on mobile phone contracts that they also can't afford. People need to write down all their income and outgoings and just look at the different things they're spending money on that they don't really need and could live without. If people don't own a house and owe a lot of money then look at going bankrupt. There's so much information online now. getThisCoalitionOut
  • Score: 7

6:22pm Tue 14 Jan 14

Sir Prised says...

As industry has become globalised, this has been inevitable. Decent wages were only paid when employers needed workers. Now the wealthy don't give a jot, because they've got the resources to isolate themselves from the poverty or up and move elsewhere. . It was ever thus and humantiy has yet to discover a political system anywhere which can both generate weath but distribute the proceeds fairly.
As industry has become globalised, this has been inevitable. Decent wages were only paid when employers needed workers. Now the wealthy don't give a jot, because they've got the resources to isolate themselves from the poverty or up and move elsewhere. . It was ever thus and humantiy has yet to discover a political system anywhere which can both generate weath but distribute the proceeds fairly. Sir Prised
  • Score: 2

6:45pm Tue 14 Jan 14

ARMANA says...

We are the 99% wrote:
The Tories ARE responsible!
They should be charged with treason against the people for the way they have impoverished THEIR own people!
Sorry!
THEIR people are the rich!
We ordinary people, mean nothing to them!
NOTHING!
Absolutely spot on 99%, They believe there the custodians of this country,& it dosn't matter how many of the poor plebs it costs to keep it afloat, they will do whats necessary to keep themselves in there Ivory towers, ,. It started a thousand years ago, when William of Normandy jumped on the beach at Hastings,
[quote][p][bold]We are the 99%[/bold] wrote: The Tories ARE responsible! They should be charged with treason against the people for the way they have impoverished THEIR own people! Sorry! THEIR people are the rich! We ordinary people, mean nothing to them! NOTHING![/p][/quote]Absolutely spot on 99%, They believe there the custodians of this country,& it dosn't matter how many of the poor plebs it costs to keep it afloat, they will do whats necessary to keep themselves in there Ivory towers, ,. It started a thousand years ago, when William of Normandy jumped on the beach at Hastings, ARMANA
  • Score: 1

6:46pm Tue 14 Jan 14

fredaj says...

uniteagainstparkingc
harges
wrote:
The first line of this article is misleading and exaggerates the figures: "Almost one in three residents in parts of Sussex are falling behind on their debt repayments, a new study has found. "

But then states that "Hastings has the highest rate of “over-indebted” residents in the South East with 28% of residents struggling with their level of debt".

So it seems not even Hastings which is supposedly fairing worse than anywhere else in Sussex even has a figure of 1 in 3. A more accurate average across Sussex would probably be nearer to 1 in 10 but that wouldn't make a great headline.

Still it's not like the Argus to let facts get in the way of a good story.
I wonder if they actually mean 1 in 3 of people in debt (however that might be defined) who live in Sussex are not keeping up with their payments, which of course is not the same as saying 1 in 3 residents in Sussex are not keeping up with their debt payments because the latter does not make any sense.

There is no way that all residents of Sussex are in debt and that a third of them are in default.
[quote][p][bold]uniteagainstparkingc harges[/bold] wrote: The first line of this article is misleading and exaggerates the figures: "Almost one in three residents in parts of Sussex are falling behind on their debt repayments, a new study has found. " But then states that "Hastings has the highest rate of “over-indebted” residents in the South East with 28% of residents struggling with their level of debt". So it seems not even Hastings which is supposedly fairing worse than anywhere else in Sussex even has a figure of 1 in 3. A more accurate average across Sussex would probably be nearer to 1 in 10 but that wouldn't make a great headline. Still it's not like the Argus to let facts get in the way of a good story.[/p][/quote]I wonder if they actually mean 1 in 3 of people in debt (however that might be defined) who live in Sussex are not keeping up with their payments, which of course is not the same as saying 1 in 3 residents in Sussex are not keeping up with their debt payments because the latter does not make any sense. There is no way that all residents of Sussex are in debt and that a third of them are in default. fredaj
  • Score: 4

7:30pm Tue 14 Jan 14

hubby says...

"Don't spend more than you earn !"
"Eat less calories than you burn and you'll lose weight !"
"Smoking ruins your health !"
"Seatbelts save lives!"

No shyte Sherlock.

We all know these things,but the idle rich actually get more of a choice as they watch the rest struggle.
"Don't spend more than you earn !" "Eat less calories than you burn and you'll lose weight !" "Smoking ruins your health !" "Seatbelts save lives!" No shyte Sherlock. We all know these things,but the idle rich actually get more of a choice as they watch the rest struggle. hubby
  • Score: 1

8:16pm Tue 14 Jan 14

city-boy says...

Not surprised at all.

We live in a society with so many options in life and a pressure 'to have and be seen', over-inflated property market , low wages in the city (for the majority), high monthly rents, no pay increases (for most), your average weekend night out costs over £70 (taxi, meal, drinks), its just all not sustainable for most, so we dip into overdrafts, borrow loans to repay overdrafts and credit cards and before long you are in debt! Followed by the continuing pressure 'to have and be seen'. They then get downgraded to seeking credit from credit-unions (who do a fantastic job), and will supply credit quite easily (but not irresponsibly), but before long you owe the bank, the credit card, the loan and the credit union. All with your credit rating heading to the wall!

Then of course they go to the lowest of the low - Pay day loan companies. I am gob-smacked by the number of people that go into these premises to seek loans at very high rates, but where else do people go when they are in the downward spiral of debt?This is the industry that has destroyed, and I mean destroyed, lives, families and marriages and the government(s) have allowed this too happen!! It is an utter disgrace.

The cycle and misery goes on because your credit rating is screwed and even if you want to try and sort it you are sentenced to death by your credit score for defaulting on loans and credit cards for the next six years (minimum), no one will touch other than pay day loans.

Yes people should save up for what they want
Yes people should be more responsible with their money - but people who are good with money have ZERO understanding of people who are not, they just don't get it, and these are mostly people that work in banks or in finance who are generally good with money.

I think banks need to address this problem for people in serious debt.
- if in employment offer long term loans (like a mortgage) to sort out the debt. During the time the debt is outstanding you are banned from applying for ANY credit other than a mortgage - experian and eqifax take NOTE!

Just my crazy thoughts. Oh and whilst on one - I agree that pay day loans do serve a purpose of some description e.g. emaergency money but not at 1500% plus!!!!!! This should be capped by LAW!!!!!
Not surprised at all. We live in a society with so many options in life and a pressure 'to have and be seen', over-inflated property market , low wages in the city (for the majority), high monthly rents, no pay increases (for most), your average weekend night out costs over £70 (taxi, meal, drinks), its just all not sustainable for most, so we dip into overdrafts, borrow loans to repay overdrafts and credit cards and before long you are in debt! Followed by the continuing pressure 'to have and be seen'. They then get downgraded to seeking credit from credit-unions (who do a fantastic job), and will supply credit quite easily (but not irresponsibly), but before long you owe the bank, the credit card, the loan and the credit union. All with your credit rating heading to the wall! Then of course they go to the lowest of the low - Pay day loan companies. I am gob-smacked by the number of people that go into these premises to seek loans at very high rates, but where else do people go when they are in the downward spiral of debt?This is the industry that has destroyed, and I mean destroyed, lives, families and marriages and the government(s) have allowed this too happen!! It is an utter disgrace. The cycle and misery goes on because your credit rating is screwed and even if you want to try and sort it you are sentenced to death by your credit score for defaulting on loans and credit cards for the next six years (minimum), no one will touch other than pay day loans. Yes people should save up for what they want Yes people should be more responsible with their money - but people who are good with money have ZERO understanding of people who are not, they just don't get it, and these are mostly people that work in banks or in finance who are generally good with money. I think banks need to address this problem for people in serious debt. - if in employment offer long term loans (like a mortgage) to sort out the debt. During the time the debt is outstanding you are banned from applying for ANY credit other than a mortgage - experian and eqifax take NOTE! Just my crazy thoughts. Oh and whilst on one - I agree that pay day loans do serve a purpose of some description e.g. emaergency money but not at 1500% plus!!!!!! This should be capped by LAW!!!!! city-boy
  • Score: 6

8:49pm Tue 14 Jan 14

We are the 99% says...

Live within your means?
Save up for things you need?
WITH WHAT? Save with what, when even food is becoming a luxury!
Exactly how much do any of you out there, people like me, who work till you drop for peanuts actually know what we pay in taxes?
Direct taxes may be 23p in the pound, but when you add on all the stealth taxes that these Tories b*******S brought in, you are paying 37p in the pound!
IT IS FACT!
Considering these Tories gave the rich yet another tax cut, people like me (on £12,000k pa), are barely surviving!
And I am sick of it!
Sick of living in a country, where the populous seem to enjoy being subservient to a minority, that has continuously allow us to be conned, ripped off, tricked, lied to and deceived, by energy companies, banks, big business, all or which, are the Tories paymasters!
And I am sick of it, and living like this!
Live within your means? Save up for things you need? WITH WHAT? Save with what, when even food is becoming a luxury! Exactly how much do any of you out there, people like me, who work till you drop for peanuts actually know what we pay in taxes? Direct taxes may be 23p in the pound, but when you add on all the stealth taxes that these Tories b*******S brought in, you are paying 37p in the pound! IT IS FACT! Considering these Tories gave the rich yet another tax cut, people like me (on £12,000k pa), are barely surviving! And I am sick of it! Sick of living in a country, where the populous seem to enjoy being subservient to a minority, that has continuously allow us to be conned, ripped off, tricked, lied to and deceived, by energy companies, banks, big business, all or which, are the Tories paymasters! And I am sick of it, and living like this! We are the 99%
  • Score: 2

8:56pm Tue 14 Jan 14

city-boy says...

We are the 99% wrote:
Live within your means?
Save up for things you need?
WITH WHAT? Save with what, when even food is becoming a luxury!
Exactly how much do any of you out there, people like me, who work till you drop for peanuts actually know what we pay in taxes?
Direct taxes may be 23p in the pound, but when you add on all the stealth taxes that these Tories b*******S brought in, you are paying 37p in the pound!
IT IS FACT!
Considering these Tories gave the rich yet another tax cut, people like me (on £12,000k pa), are barely surviving!
And I am sick of it!
Sick of living in a country, where the populous seem to enjoy being subservient to a minority, that has continuously allow us to be conned, ripped off, tricked, lied to and deceived, by energy companies, banks, big business, all or which, are the Tories paymasters!
And I am sick of it, and living like this!
I agree with some of your comments! Like you say how can you save on 12K in this city, quite simply you cannot. :(

where the populous seem to enjoy being subservient to a minority, that has continuously allow us to be conned, ripped off, tricked, lied to and deceived, by energy companies, banks, big business - how true!!!!!!

Money comes to money!!!!!!!!!!!!
[quote][p][bold]We are the 99%[/bold] wrote: Live within your means? Save up for things you need? WITH WHAT? Save with what, when even food is becoming a luxury! Exactly how much do any of you out there, people like me, who work till you drop for peanuts actually know what we pay in taxes? Direct taxes may be 23p in the pound, but when you add on all the stealth taxes that these Tories b*******S brought in, you are paying 37p in the pound! IT IS FACT! Considering these Tories gave the rich yet another tax cut, people like me (on £12,000k pa), are barely surviving! And I am sick of it! Sick of living in a country, where the populous seem to enjoy being subservient to a minority, that has continuously allow us to be conned, ripped off, tricked, lied to and deceived, by energy companies, banks, big business, all or which, are the Tories paymasters! And I am sick of it, and living like this![/p][/quote]I agree with some of your comments! Like you say how can you save on 12K in this city, quite simply you cannot. :( where the populous seem to enjoy being subservient to a minority, that has continuously allow us to be conned, ripped off, tricked, lied to and deceived, by energy companies, banks, big business - how true!!!!!! Money comes to money!!!!!!!!!!!! city-boy
  • Score: 5

8:56pm Tue 14 Jan 14

city-boy says...

We are the 99% wrote:
Live within your means?
Save up for things you need?
WITH WHAT? Save with what, when even food is becoming a luxury!
Exactly how much do any of you out there, people like me, who work till you drop for peanuts actually know what we pay in taxes?
Direct taxes may be 23p in the pound, but when you add on all the stealth taxes that these Tories b*******S brought in, you are paying 37p in the pound!
IT IS FACT!
Considering these Tories gave the rich yet another tax cut, people like me (on £12,000k pa), are barely surviving!
And I am sick of it!
Sick of living in a country, where the populous seem to enjoy being subservient to a minority, that has continuously allow us to be conned, ripped off, tricked, lied to and deceived, by energy companies, banks, big business, all or which, are the Tories paymasters!
And I am sick of it, and living like this!
I agree with some of your comments! Like you say how can you save on 12K in this city, quite simply you cannot. :(

where the populous seem to enjoy being subservient to a minority, that has continuously allow us to be conned, ripped off, tricked, lied to and deceived, by energy companies, banks, big business - how true!!!!!!

Money comes to money!!!!!!!!!!!!
[quote][p][bold]We are the 99%[/bold] wrote: Live within your means? Save up for things you need? WITH WHAT? Save with what, when even food is becoming a luxury! Exactly how much do any of you out there, people like me, who work till you drop for peanuts actually know what we pay in taxes? Direct taxes may be 23p in the pound, but when you add on all the stealth taxes that these Tories b*******S brought in, you are paying 37p in the pound! IT IS FACT! Considering these Tories gave the rich yet another tax cut, people like me (on £12,000k pa), are barely surviving! And I am sick of it! Sick of living in a country, where the populous seem to enjoy being subservient to a minority, that has continuously allow us to be conned, ripped off, tricked, lied to and deceived, by energy companies, banks, big business, all or which, are the Tories paymasters! And I am sick of it, and living like this![/p][/quote]I agree with some of your comments! Like you say how can you save on 12K in this city, quite simply you cannot. :( where the populous seem to enjoy being subservient to a minority, that has continuously allow us to be conned, ripped off, tricked, lied to and deceived, by energy companies, banks, big business - how true!!!!!! Money comes to money!!!!!!!!!!!! city-boy
  • Score: 4

9:03pm Tue 14 Jan 14

PorkBoat says...

Crystal Ball wrote:
People sometimes live outside of their means and don't make changes to their lifestyle or outgoings during times of austerity.
It's only times of "austerity" for poor people in debt. The usual suspects are still raking it in, and devising even more devious methods to relieve us of our hard earned cash.
[quote][p][bold]Crystal Ball[/bold] wrote: People sometimes live outside of their means and don't make changes to their lifestyle or outgoings during times of austerity.[/p][/quote]It's only times of "austerity" for poor people in debt. The usual suspects are still raking it in, and devising even more devious methods to relieve us of our hard earned cash. PorkBoat
  • Score: 2

8:58am Wed 15 Jan 14

HJarrs says...

Many sensible comments above. The reasons for debt are many. A very few are feckless, some live beyond their means (no surprise given the effectiveness of advertising and constant media portrayal of uobtainable lifestyles), increasingly people find themselves plunged into debt through a major change of circumstances such as loss of employment, illness, relationship breakup, increase in debt or rent payments, low and declining wages and now vindictive government cuts to bring about planned poverty for the most vulnerable. On the flip side we have at times a financial industry run by multimillionaires desperately trying to ensnare more people for the purpose of their annual bonus increase.

One thing I didn't see touched upon is that a lot of people seem to have what I would call financial dyslexia. They can count, but the consequence of the numbers does not register. The best example I can think of is in the housing boom when many made snap decisions about buying a house, with little regard to finance andspending about the same time they would buying a toothbrush. It is a phenomena that I have not seen explained, yet these are the people preyed upon by banks and payday lenders and for whom greater protection should be given.
Many sensible comments above. The reasons for debt are many. A very few are feckless, some live beyond their means (no surprise given the effectiveness of advertising and constant media portrayal of uobtainable lifestyles), increasingly people find themselves plunged into debt through a major change of circumstances such as loss of employment, illness, relationship breakup, increase in debt or rent payments, low and declining wages and now vindictive government cuts to bring about planned poverty for the most vulnerable. On the flip side we have at times a financial industry run by multimillionaires desperately trying to ensnare more people for the purpose of their annual bonus increase. One thing I didn't see touched upon is that a lot of people seem to have what I would call financial dyslexia. They can count, but the consequence of the numbers does not register. The best example I can think of is in the housing boom when many made snap decisions about buying a house, with little regard to finance andspending about the same time they would buying a toothbrush. It is a phenomena that I have not seen explained, yet these are the people preyed upon by banks and payday lenders and for whom greater protection should be given. HJarrs
  • Score: 1

12:10pm Thu 16 Jan 14

Hooitness says...

the reason for debt? Too many kids, wide screen TV's, every Sky channel going, and drinking.

Living beyond your means.
the reason for debt? Too many kids, wide screen TV's, every Sky channel going, and drinking. Living beyond your means. Hooitness
  • Score: 0

6:23pm Thu 16 Jan 14

Brighton1000 says...

http://www.brightona



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http://www.brightona ndhovenews.org/2014/ 01/16/labour-tables- formal-vote-of-no-co nfidence-in-brighton -and-hoves-ruling-gr eens/26722?utm_sourc e=twitterfeed&ut m_me dium=twitter Brighton1000
  • Score: 0

7:03pm Thu 16 Jan 14

ARMANA says...

We are the 99% wrote:
Live within your means?
Save up for things you need?
WITH WHAT? Save with what, when even food is becoming a luxury!
Exactly how much do any of you out there, people like me, who work till you drop for peanuts actually know what we pay in taxes?
Direct taxes may be 23p in the pound, but when you add on all the stealth taxes that these Tories b*******S brought in, you are paying 37p in the pound!
IT IS FACT!
Considering these Tories gave the rich yet another tax cut, people like me (on £12,000k pa), are barely surviving!
And I am sick of it!
Sick of living in a country, where the populous seem to enjoy being subservient to a minority, that has continuously allow us to be conned, ripped off, tricked, lied to and deceived, by energy companies, banks, big business, all or which, are the Tories paymasters!
And I am sick of it, and living like this!
Well said 99%,
[quote][p][bold]We are the 99%[/bold] wrote: Live within your means? Save up for things you need? WITH WHAT? Save with what, when even food is becoming a luxury! Exactly how much do any of you out there, people like me, who work till you drop for peanuts actually know what we pay in taxes? Direct taxes may be 23p in the pound, but when you add on all the stealth taxes that these Tories b*******S brought in, you are paying 37p in the pound! IT IS FACT! Considering these Tories gave the rich yet another tax cut, people like me (on £12,000k pa), are barely surviving! And I am sick of it! Sick of living in a country, where the populous seem to enjoy being subservient to a minority, that has continuously allow us to be conned, ripped off, tricked, lied to and deceived, by energy companies, banks, big business, all or which, are the Tories paymasters! And I am sick of it, and living like this![/p][/quote]Well said 99%, ARMANA
  • Score: 1

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