Brits too busy to organise finances, says Visa UK

22 September 2005
Busy Britons have no time to organise their personal finances, according to a survey which found that 27 million bills go unopened for days.

A third of people polled by Visa UK admitted to having unopened bills at home, and while half promised to make more time to organise their personal finances, most failed to do so.

Over half of young people aged 25 to 34 said that they let other things distract them while they are trying to sort out their finances, while those over 65 are the best at facing up to their finances, with only around a third admitting that they are not in control.

The findings echo a similar study conducted by Lloyds TSB earlier this month, which found that Brits are reluctant to face up to their financial situation.

The financial institution revealed that 20 per cent of people in the UK regularly avoid checking their bank balance because they are afraid of what it might be.

Another survey by the Department of Trade and Industry (DTI) revealed that five per cent of Britons are finding their household debts a 'heavy burden'.


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