The AnswerBank Articles

Youth 'Choosing Housing Over University'

Young people are choosing to save up to buy a house rather than go to university, it has been reported. The fear of massive debt after graduation, combined with ever-rising house prices, is proving a powerful deterrent to higher education. One third of 18-24 year olds are calling for a cut in college tuition fees so th...15:36 Mon 24th May 2010

Financial Etiquette 'Lacking' In Britons

There are some individuals you know who always get in the first round or never do. But what is the correct balance. People in the UK have difficulty when it comes to when to pay and when not too according to recent research. A new survey has revealed that people in Britain are not fully aware of the correct financial ...15:36 Mon 24th May 2010

ABI Calls For More "Resilient" Homes

The Association of British Insurers (ABI) has called on the government to ensure that new homes are less likely to be affected by inclement weather conditions. Following recent flooding, which saw many people in affected areas making claims on their home insurance policies, the ABI's director general said that althoug...15:36 Mon 24th May 2010

Equity Release 'No Longer A Last Resort'

Consumers' perceptions of equity release schemes have changed, according to one expert, who suggested that people no longer see it as a "last resort". A spokesman for the charity which commissioned the research said that many people are now choosing this kind of option to free up money in later life. "...15:36 Mon 24th May 2010

Consumers Urged To Consider Overseas Credit Card Charges

Most of us would not think twice about using our credit card abroad. It is convenient as we don’t have to carry much cash around and any purchases are usually covered by the card company in the event of any problems. However, we need to consider the down side to using our credit card out of the country. Many peo...15:36 Mon 24th May 2010

University 'Waste Of Money And Time' For One In Four

We all want the best for our kids and that includes a good education. However, it seems many young people do not see the value of going to University and would rather get a job and earn some money instead. Close to a quarter of young Britons consider it a waste of time and money to go to university, it has been reveal...15:36 Mon 24th May 2010

Kids 'Will Withdraw From Bank Of Mum And Dad For Holidays'

We all enjoy our time off but we often do not expect to pay for a break we will not be going on. It seems the country's children are still relying on their parents to fund their lifestyle including holidays. Teenagers looking to head abroad for their holiday this year will do so in the knowledge that their parents wil...15:36 Mon 24th May 2010

Happiness Is Around £10,000 Per Year

Happiness is an elusive quality; some say it is free, some say it cannot be bought. It seems according to recent research from a high street bank that it can be bought, however, at around £10,000 per year. The bank has worked out that each day people spend an average of £29 on pursuits which make them happ...15:36 Mon 24th May 2010

An Uncharted Past 'Leads To Future Without Credit'

Most people in the country have a credit card, personal loan, mortgage or other type of finance; we need this to live our lives. However, there are still many people out there who have none of these things, while that may seem ideal to those of us struggling to make repayments it may not be as great as it seems. New r...15:36 Mon 24th May 2010

People In UK 'Will Shop Until They Holiday'

We all look forward to holidays. Whether it is a two week stretch in the sun or a weekend city break they cannot come soon enough for some of us. And you just know you have got nothing to wear in your wardrobe so you need to have a major shopping spree before you go. It seems that we are prepared to leave things to th...15:36 Mon 24th May 2010

Football Fans 'May Seek Debt Advice' After This Season's Live Game

In the ‘old days’ dads would take their kids to see the local football team at their local ground and the children would dream of becoming a famous footballer and scoring the winning goal in the final at the World Cup. It is called the beautiful game across the world but recently football has been more lik...15:36 Mon 24th May 2010

Children Given Financial Education

The reality as of the early 21st century is that in the UK (and probably elsewhere) the current young generation risks being in the unenviable position of growing up poorer than the previous generation. This is a bitter pill to swallow and could mean relying on parents for support for longer and a bleak retirement. Pa...15:36 Mon 24th May 2010

'Fun In The Sun Awaits Those Approaching Retirement'

Most people are looking forward to the days when they can put their feet up and finish work for good. Many will spend the time just relaxing or pottering in the garden. However, there seems to be an increasing amount who will take the opportunity to get away and travel the world. People of the baby-boomer generation a...15:36 Mon 24th May 2010

Christmas Credit Crunch Crisis

Christmas is just around the corner and after such a terrible financial year many people will be looking to make this years festivities as memorable as possible. Some experts predict that spending on credit cards could rise over the Xmas period as people look to put the "doom and gloom" of last year behind th...15:36 Mon 24th May 2010

Third Of Britons Think 'Financial Chat Is Rude'

People in the UK are known for their stereotypical fear of having their ‘dirty laundry’ in public. We, as a nation, tend to be taciturn and close mouthed about personal matters and it seems this is true when discussing money matters. The majority of people in the UK believe that money is a personal subject...15:36 Mon 24th May 2010

Which Reveals Charity Card Swindle

Most of us like to think we do our bit for those not as fortunate as ourselves. This may be something as small as dropping some change in a rattling tin or as large as making a monthly direct debit donation to charities. Recently there has been a rise in Charity goods which offer to make a donation on your behalf on yo...15:36 Mon 24th May 2010

Males 'Should Foot First Date Bill'

Equality – a word that has caused many a row. Women want it, men loath it but it is here to stay. It seems however, that many women expect less than equal treatment on a first date.While many women say they are advocates for equality this does not apply to the tradition that men have always been stuck with the ...15:36 Mon 24th May 2010

Consumers 'Do Not Read Refund Policies'

We have all been there; on a shopping trip bought an item of clothing and it’s the wrong size. Do we just live with it and give it away as a present the next time someone has a birthday or do we exercise our consumer rights and take the offending garment back to the shop for a refund. Most consumers admit to not...15:36 Mon 24th May 2010

OFT Uses Novel Approach To Get Scam Message Across

Although many of us have received scam texts and emails saying we have won a prize most people realise that it is just a ruse to get our details so some criminals can fleece us for all our money. Unfortunately there is still a large proportion out there that is taken in by these villains. Over 3 million UK adults fall...15:36 Mon 24th May 2010

One In Three Worried About Debt

We are all feeling the strain of the credit crunch and keeping a close eye on the purse strings. However, it seems that a third of us are seriously worried. Debt is said to be a concern for one in three people in the UK, new research reveals. According to a well known online financial services company, 33 per cent of...15:36 Mon 24th May 2010