UK household finances came under increasing pressure in the last month according to research by Markit and YouGov.
According to the Household Finance Index despite the growing economy people are increasingly worried about losing their jobs and higher costs of living.
Of the two thousand households questioned as many as 30% stated that their finances had worsened in the last month. In comparision just 6% of householders claimed that their money situation has improved. Just under 70% of respondents reported a rise in the price of goods and services from July to August.
Economist at Markit, Tim Moore said ‘Stronger growth in the UK economy has done little to put a floor under the downturn in household finances.’
