A Fool and His Money

Britons are starting to feel the pressure of the increasing costs of living according to a new study by insurance firm, AXA.

Statistics show that more than half of the households with £30,000 or higher income will be trying to take steps in reducing their spending. Many will either be getting a second job or those in the family who aren’t currently working are set to start so that they can bring in the extra income.

Some may not be renewing their life insurance and some may not be able to save enough for their pension as the money is being used to pay of debts.

AXA will be unleashing the Financial Task Force which will combine the knowledge of UK’s leading  psychologists, economists and industry experts to try to tackle the particular financial problems that we all face.

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