More than half of us are making ends meet

Despite rising prices, low returns on savings and pay freezes, it would appear that a majority of us are getting by financially, according to a survey of 2000 consumers.

The research, carried out for credit information company Equifax, suggests that just over half of respondents said they were “making ends meet” while 17% were struggling by the end of the month.  A quarter said they were “comfortable” with their finances.

While 26% said they relied on credit cards for much of their monthly spending, only nine per cent said that they did not pay off the balance at the end of the month.

Just a quarter saved regularly each month, but rather more (38%) said they had savings they could fall back on in an emergency.

For more on this survey, click here