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'Not having enough to live on' is top money concern

The top reason people worry about money is whether or not they have enough to live on.

More from Spending Money
5 September 2013

'Not having enough to live on' is top money concern

For most of us, finances can be cause for concern and new research shows that the top concern is not having enough money to live on.

This is according to a survey from the Debt Advisory Centre, completed by Consumer Intelligence, which found that this reasoning accounted for the largest portion of people's reasons for worrying.

However, while this seems to affect males between the ages of 18 and 24, generally women tend to worry about finances. Only 12 per cent of women surveyed could see they never worried about money.

This news comes around the same time that the Resolution Foundation revealed that a fifth of people in the UK are not earning a living wage.

It discovered that in April of last year, a quarter of women and 15 per cent of men were earning below what is considered to be enough to live on. This is valued at £7.20 an hour but it rises to £8.30 in London.

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