Press release: New study shows UK developing positive money habits despite money struggles

2 August 2013

Millions working hard to manage day-to-day, and living for today rather than planning for tomorrow.

A major new study published today by the Money Advice Service highlights that people are changing their financial behaviours and developing positive money habits to deal with their money matters, but reveals how half of UK adults struggle to keep up with their bills and credit commitments.

‘The Financial Capability of the UK’ report shows how millions of people are adapting to deal with tough economic times, and working hard to manage their money.

The Service says although people are understandably anxious about their finances (49% of adults are concerned) the evidence also shows how people have, over the past few years, become more diligent or vigilant about their money matters and suspicious of financial scams.