They dip into savings
, get money from family, inheritance.
households -- 47 percent -- say they spend all of their income, go into debt or dip into savings
to meet their annual expenses, according to an analysis of Fed survey data released Thursday by the Pew Charitable Trusts.
So for the first time in nearly two decades, they are more likely to dip into savings
than to add to them, BNP Paribas analysts forecast.
But instead of finding work or moving into cheaper homes, as Work and Pensions Secretary Iain Duncan Smith predicted, the "large majority" had been forced to dip into savings
, rely on friends or rack up debts to make up the shortfall.
The survey shows that around three-quarters of over-55s expect to dip into savings
to help grandchildren, while around 9% will rely on investments.
It would also have a painful personal impact on workers affected -- leaving them to dip into savings
or delay mortgage payments, monthly car loan bills and other spending.
Thirty-six per cent of UAE residents would dip into savings
to keep them going, 18 per cent would move into a smaller home and 14 per cent would ask friends and family for help.
Travel Business Review-January 2, 2013--Brits Likely to Dip Into Savings
for 2013 holidays(C)2013] ENPublishing - http://www.
com reveals over a third of Christmas spenders plan to dip into savings
to meet the cost, while another third will use the cash they have available to fund the festivities.
MILLIONS of people are struggling so badly in the recession they regularly dip into savings
to buy essentials like food and clothes.
More than one in every eight people said they would need to borrow more money to make ends meet, while 15% said they would dip into savings
to pay their bills.
com shows that while over a third (38 per cent) of people dip into savings
when they run short, 29 per cent use overdrafts and 25 per cent spend on credit cards to tide them over.
High Street spending is down and as debts mount families are reluctant to dip into savings
Life insurance can also help meet the ongoing costs of running a household--without the need to dip into savings
or deplete assets needed for the future.
The city's most famous landmark recorded a pounds 200,000 loss in each of the previous two years and was forced to sell other properties and dip into savings