Nearly all Brits need a financial workout
January 9, 2008 by admin
Filed under News, News-Credit-Cards
Almost all of Britons would benefit from a financial workout, according to the results of a latest survey. 
The findings from Abbey show that only one in every 100 Brits manages the various aspects of their personal finance well.
With a higher score indicating the greater the room for improvement in their personal financial management, the average score for the UK population was 43.
Steve Shore, Abbey director of banking, said: “Less than a third of people score less than 30 which suggests that the majority of the population could do with a financial workout.”
Women scored 46 compared with 41 for men and Wales and the South West were the most financially fit.
The research looked at the financial behaviour of British consumers and gave them a score according to the products they held, the competitiveness of these products and how often they shopped around for better deals.
Meanwhile, recent research from Abbey has revealed that the odd jobs economy for children is worth an estimated £696 million.
