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Pastimes : The Hot Button Questions:- Money, Banks, & the Economy -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (701)	1/12/2005 2:19:00 AM
From: maceng2	Respond to of 1417

Borrowing to be curbed in 2005 ananova.com Consumers are expecting to curb their borrowing in 2005, according to new research. The Nationwide Building Society's latest survey of UK consumer sentiment found that 49% of people planned to reduce their borrowing, compared to 40% last August. This suggested many people made new year resolutions to address their level of borrowing, the Nationwide said. Its survey showed no increase in the proportion who expect to save more. The number planning to save has remained virtually unchanged over recent months. The society said it appeared that more consumers will use disposable funds to reduce their debt burden, rather than using the funds to increase savings levels. The number saying they struggled to meet their household borrowings has increased gradually over the past six months from 2% in June to 7% now, the survey found. Confidence in the future value of homes remains positive, with the proportion expecting to see a rise in property values over the next six months rising slightly from 33% to 34% and with those expecting a fall easing from 24% last month to 22%. The survey found confidence in the UK economy remains upbeat. People continue to be positive about the outlook for the next six months - 69% of consumers expect the UK economic situation to remain the same or to improve, though this is a slight dip from 71% last month. In addition, confidence in both current employment and the outlook for the next six months is holding up well. Spending confidence on household goods has fallen since the summer with fewer people now feeling confident in making large purchases, such as a house or car.