More than 4 million fear they`ll be made redundant
December 18, 2010 – 6:20 pm According to R3`s quarterly personal debt tracker, more than 4 million (an estimated 4,258,737) people fear they`ll be made redundant.
The insolvency trade body found that those aged between 25 and 34 are the most worried about their job, with 16% `expressing a concern`.
Since the third quarter of the year, the number of individuals `experiencing each sign of financial distress`, has increased – with a 60% rise in the number of people falling behind with some of their bills and payments.
Over one in four people admit to saving less than usual – 3% higher than in Q3 2010. More than three million people have taken on debt during the last quarter.
Steven Law, R3 President, said: “These figures make grim reading. The number of people who have admitted to struggling has rocketed over the last three months, but this is just the tip of the iceberg. There will be many more `below the waterline` who are struggling and have not yet admitted it.”
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Tags: Made Redundant, Redundant