Credit card refunds and payment protection claims could be used to allow families to afford to buy non-essential products as income levels have remained relatively flat this year.New research from Aviva shows that the average wage increase in the UK this year is £46. Since January, the cost of many monthly outgoings has increased by significantly more.Energy bills have risen by 18.8 per cent, food prices by 6.9 per cent and an increase in the price of petrol and diesel has seen motoring and public transport costs grow by 8.7 and 8.5 per cent respectively.The report also showed that over the last year, the average amount of savings has decreased from £982 to £967 per household.Paul Goodwin, director of workplace savings at Aviva, said with such a low increase in incomes people are being forced to cut down on spending.Further research from Aviva found that many consumers are spending two per cent of their income on helping their friends and families who are struggling with money problems.Jennifer HainesJennifer's speciality knowledge is credit card changes and balance transfers.
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273
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