With the credit crunch still continuing to bite and a recession looming on the horizon, one benefit to the economic crisis has been that Britons are now beginning to open up about their money matters, one sector commentator has claimed.
According to new research from CreditExpert.co.uk, 53 per cent of UK adults admitted they were now more likely to discuss their personal finances than they were a year ago.
In addition, 28 per cent of respondents claimed they felt better by talking to people who were in the same position, while 27 per cent noted they wanted to establish whether their credit situation was out of the ordinary.
And 62 per cent have been talking about the cost of living, while 37 per cent have been discussing cutting back on their spending.
Darryl Bowman, director of CreditExpert.co.uk, said: "It's good to see people reacting positively and talking about their finances with those closest to them as sounding boards. As we open up about our finances, the easier it becomes to address issues."
Meanwhile, the Bank of England announced yesterday (January 8th) its decision to cut the base rate of interest from two per cent to 1.5 per cent.
Debt Consolidation:- JST Financial, Debt Consolidation, Debt Management and Consolidation Loan Specialists