Cost of utility bills, food and petrol among biggest worries
Consumers are 10 times more concerned about the rising cost of utility bills than they are about meeting their monthly mortgage or rent payments, new research shows.
The soaring price of food and petrol also rank in the top three concerns, more than double that of fears over being made unemployed or finding a new job, or not being able to save money, the poll of 2,000 people reveals.
Clare Francis, consumer finance expert at MoneySupermarket, who commissioned the study, said: “Over the past 12 months, UK households have experienced a sharp increase in the cost of living with rising fuel, petrol and food prices having a major impact.
“Although we have already seen signs that the rate of inflation is set to slow down in 2012, these costs still remain high and they represent a large proportion of everyday household expenditure.”
The falling value of savings and investments, cost of major household repairs and rising transport costs were also cause for concern, according to the survey.
