Half British spenders financially overweight
March 13, 2008 by admin
Filed under News, News-Banking
Almost half of British consumers are financially overweight, according to the results of a new survey. 
Findings from Lloyds TSB Body Mass Index (BMI) reveal that four out of every ten spenders admit they have no savings while those between 18 and 24 years-old are the most financially obese.
Those aged over-55 are financially fitter compared with their younger counterparts.
Ian Larkin, managing director, consumer banking, Lloyds TSB said that physical health is something that the nation is taking increasingly seriously.
However, “most of us know our BMI, but our financial health seems to be less of a priority and often people have misapprehensions about the real state of their money,” he said.
According to the figures, the financially fittest regions in the UK are south-west and Wales compared with the Scots who are the biggest over-spenders when it comes to their finances.
Meanwhile, further research from Lloyds TSB shows that more than nine out of ten UK adults are not using their full tax-free savings allowance.
