Pessimism Grows Among Affluent Americans as Debt Crisis Lingers Bradenton Herald
43% feel the current state of the economy will jeopardize their retirement plans 40% plan to reduce the amount of money they spend compared to last year
Anxiety about the financial health of the U.S. government is also evident, with:
56% agreeing that they are concerned that the US government may default on its debt obligations 60% stating they do not think the US government should increase the federal debt ceiling
TNS also released its latest Investor Confidence Index, which declined in June to 102, its lowest level in a year. This 11 point drop is being driven by growing pessimism about the stock market and the direction of the economy.
"These findings reveal significant stress and discomfort among investors who control the overwhelming majority of the personal wealth in the U.S. We expect investor confidence to decline further if a decision concerning the debt ceiling isn't made ahead of the August 2nd deadline. On the other hand, a satisfactory resolution could raise investor confidence and spur a rise in the financial markets," said Joe Hagan, SVP at TNS.
Equity release used to pay off debt
People approaching retirement are having to resort to equity release to bring down their debt levels, according to new research.
Debt Advice from Debt Line the Debt Specialists
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Debt Line can deal with all kinds of personal and unsecured debt that you may have. They are of a particular benefit if you owe money to a number of different organisations and are finding it hard to cope with all of the payments you have to make each month. So if you are having problems repaying store cards, credit cards, household bills or payday loans they can help you. Debt management is often the best way for people to take control of their finances again. The reason for this is that you can clear your debts over a period of time without having to borrow even more money. Instead Debt Line will negotiate with your various creditors to create a single monthly payment that ensures they will all receive some of the money they are owed.
Joining a plan is easy and you can start the process by filling in a simple online form or talking with Debt Line’s call centre. Take the first step to a debt free life today and get the debt advice you need.
advice debt specialist - News
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