Are you financially overweight?

Posted 2007-12-11

Research firm Abbey has released poll data revealing that 46% of women and 41% of men are ‘financially overweight’. Their spending habits are irresponsible and lazier than necessary, which can lead to excessive debt and unwanted fees if left unattended. 

Just 1% of consumers scored ‘financially fit’ on Abbey’s survey when it came to banking habits, credit card usage and shopping around for the best deals. 

The survey tracked financial fitness on a percentage scale, with zero indicating an athletic level of financial discipline, and 100 showing ‘financial obesity’. 

These worrying trends are borne out most clearly during the Christmas holiday shopping rush.

Sue Hayes, Director at Abbey, offers this advice: “We encourage people to review the financial products they hold and to shop around to ensure that they are getting the most competitive deals available. Like exercise, a financial workout can take a bit of effort but for most people the rewards are well worth the exertion.”

Overall, the study found Wales to have the fittest average population, recording 42% of people overweight, while northern England showed the most dramatic statistics, with 46% suffering some degree of financial weight crisis.

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