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Young people in Britain are facing mounting debts and unaffordable living expenses, new research from Neyber has found.

 

The study, carried out among 10,000 UK employees, found that an alarming 70 per cent of people under-34 need to regularly borrow either to pay their monthly bills or deal with day-to-day living expenses.

 

More worrying, young people are turning to more dangerous forms of lending just to get by. 33 per cent of 25-34 year olds are using credit cards for day-to-day borrowing – higher than any other age group.

 

The younger you are, the more likely you are to use a payday lender. 8 per cent of 18-24 year olds said they had used one, compared to 4 per cent of 25-44 year olds and 0 per cent of those who were over 65. One in 20 young people have resorted to a loan shark.

 

One of the reasons for this regular borrowing may be that more young people have jobs with fluctuating income. Sixty eight per cent of 18-24 year olds said their income changes each month. Over a quarter (27 per cent) said their income varies by more than 30 per cent.

 

The combination of regular borrowing and uncertain incomes has led to many young people feeling stressed. Sixteen per cent of 18-24 year olds said that their finances were out of control, while 20 per cent of 25-34 year olds said they were only just coping.

 

Even worse, there is evidence that debts are spiralling. The average unsecured debt among 25-44 year olds has risen to GBP £14,794.35 in 2018.
Neyber found that those in the GBP £20,000 – £29,999 earnings bracket – which includes those on an average salary – are spending an average of 37 per cent of their income on debt repayments, including mortgage or rent, per month.

 

Excluding mortgages and rent, the average amount of unsecured debt employees pay each month is GBP £325.

 

Heidi Allan, head of employee wellbeing at Neyber said: “Financial worries can lead to sleeplessness, stress and even depression. Clearly our research demonstrates that young people in Britain are not coping and are having to borrow just to get by. More needs to be done to support people, whether that’s providing better financial education in schools, working with employers to offer their young staff financial education or even providing debt support and guidance. If we don’t act now, we will see young people in Britain spiralling into debt they’re unable to repay.”

 

Phil Andrew, CEO of StepChange added: “There are nine million people who have to use credit to pay for essential expenditure. This includes over one million people using high cost credit to make ends meet. When borrowing becomes a safety net for meeting basic needs the outcomes are often bad. Not financial wellbeing, but the corrosive hardship and harm of problem debt.”

 

“Employers have a strong interest in improving the financial wellbeing of employees and can be well placed to sell the benefits of seeking advice before problems get out of control. This timely report from Neyber gives a call to action to ensure working life is a source of support rather than worry for young people struggling with their finances.”

 

Top tips for managing money

 

Neyber’s Heidi Allan has identified top tips for young people looking to reduce money stress.

 

1. Use technology to help manage money: contactless pre-pay wrist bands mean that you can’t spend more than you plan to, and will stop you accidentally slipping into your overdraft.

 

2. Be open and honest and talk about money: it’s all too easy to feel pressured into spending lots of money socialising, but if finances are tight why not suggest dinner parties instead of restaurants or house parties instead of expensive night’s out.

 

3. Be wary of deals that sound too good to be true: never enter into a financial agreement that you don’t fully understand. If it sounds too good to be true, it probably is!

 

4. Avoid impulse buys: Set budgets before you hit the shops and always ask yourself if you really need or want the item you are about to buy. Don’t spend on impulse or to ‘keep up with your mates’. If you’re unsure, ask the shop assistant to hold an item for an hour and see if you really still want it later.

 

5. Educate yourself about different types of debt: Make sure that before you take on any debts – whether that’s credit cards or phone plans or even a mortgage – that you fully understand the terms and conditions. Some debts are better than others, so make you understand what you’ll need to repay and when and that you can really afford the credit.

 

Neyber’s full report can be found here.

 

About Neyber

 

Neyber is a multi-award-winning financial wellbeing provider that helps UK employees to be better with their money. It partners with employers to support their workforce’s financial wellbeing with access to affordable, salary-deducted loans, financial education insights and a range of savings and investment products – all at no cost or risk to the employer.

 

Its vision is to build a community of employees who can confidently deal with money and have access to fairer finance when they need it.

 

Neyber has been included in KPMG’s 2017 global list of the top 100 fintech companies, recognised as Ethical Financial Services Provider of the Year at the Money Age Awards and became the first alternative lender to be accredited by the Lending Standards Board. It has been recognised as one of the top 50 most disruptive companies in the UK by Real Business and won “Benefits Innovation of the Year”, at the Workplace Savings and Benefits Awards in both 2016 and 2017. Neyber is also the Financial Wellbeing provider to the winner of the Employee Benefits Awards’ “Best Financial Wellbeing Strategy”.

 

Neyber was founded by former Goldman Sachs investment bankers Martin ljaha and Monica Kalia along with financial technology expert Ezechi Britton. The founders joined together to deliver a genuine alternative to the solutions offered by financial service providers whose high borrowing rates and low returns on savings have helped to create an unprecedented era of financial stress. Clients include the UK Police Service, London City Airport, Anglian Water, NHS Trusts and FTSE listed firms.

 

For more info, contact Kay Phelps on + 44 7710 043244 or This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Bath ranks in first position as the most picturesque place in England, followed by Canterbury and Oxford

 

As well as being built with golden-coloured stone, the Roman spa town of Bath also has the highest number of listed buildings, tourist attractions, and council-maintained parks

 

The top ten most picturesque towns and villages are all in the south of England

 

England is a country brimming with heritage, history and magnificent countryside. From the picture-postcard villages of Cornwall to the grand cathedrals of Canterbury and Chichester, we are lucky to have some of the world’s most beautiful places right on our doorstep. With 374,000 listed buildings and 30 UNESCO heritage sites, England has more picturesque spots than we could possibly count, but luxury homeware company OKA has risen to the challenge and created a definitive list of the top ten most picturesque towns, villages and cities in the country.

 

From beautiful gardens and maintained parks to buildings that have been listed thanks to their special architectural or historic interest, the top ten spots are unrivalled when it comes to their picture-perfect qualities. Taking the top spot is the Roman spa town of Bath, with rows upon rows of honey-coloured stone architecture, grand crescents and historic baths. The town has an impressive 725 listed buildings, and it is the only entire city to hold World Heritage status.

 

In second spot is Canterbury thanks to its majestic cathedral, cobbled streets and Tudor timber-framed houses. The Kent city also has 593 listed buildings. Oxford, also known as the ‘City of Dreaming Spires’ because of its impressive architecture, follows in third position, with 420 listed buildings and 15 heritage gardens.

 

Here are the top ten most picturesque towns, villages and cities in England:

 

Bath, Somerset
Canterbury, Kent
Oxford, Oxfordshire
Chichester, West Sussex
Salisbury, Wiltshire
Sandwich, Kent
Ramsgate, Kent
Painswick, Gloucestershire
Tewkesbury, Gloucestershire
Penzance, Cornwall

 

OKA says: “England is an incredibly picturesque country, full of stunning architecture, historic places of interest and rolling countryside. We wanted to find a way to rank the country’s most picturesque spots, and we’re not surprised that Bath takes the top spot. We’re also very happy to see Penzance make an appearance, as well a beautiful Cotswolds spot.”

 

 

Nearly two-thirds of the population are ignoring THE simplest step in reducing their risk of stroke, heart attack or heart failure by not knowing their blood pressure numbers – according to a startling new national survey by Blood Pressure UK to mark Know Your Numbers! Week 2018: 10-16th September.

 

The leading charity is now calling for all households to acquire a validated blood pressure monitor, with government subsidies for the low incomed and those most at risk – saving the NHS over £1billion every year for the 6.5 million people who still remain undiagnosed.

 

A significant 26.7% of respondents consider going out with friends and socialising more of a priority than having their blood pressure taken. What’s more, 14.9% would rather watch TV and a further 10.4% would opt to watch football instead.

 

Evidently, it appears that high blood pressure, which is one of the most preventable and treatable conditions but remains one of the leading causes of death, is of little concern to the majority. 38.6% of people surveyed are more concerned about other ailments (and the subsequent effects on their health) than knowing their blood pressure numbers – putting themselves at an increased risk of a debilitating stroke and/or heart attack.

 

When it comes to knowing your blood pressure numbers, a staggering 63.7% of people do not know theirs, with 16.2% thinking a healthy blood pressure reading is 130/80mmHg which implies pre-high blood pressure, compared to an ideal blood pressure reading of 120/80mmHg.

 

Of the 33.7% of people who own a blood pressure monitor, 41.7% still go to their GP more than once a year to be tested – with 26.2% believing they will receive a more accurate reading. Meanwhile of the 66.3% of people who do not own a blood pressure monitor, well over a quarter (27.8%) say they don’t feel the need to test their blood pressure at all. 16.6% claim they only trust their GP’s to test them.

 

Whilst 30.6% of people think those aged 40+ should start to worry about their blood pressure, only 19.3% believe those in their 30s should worry. With unhealthy lifestyles and poor diet contributing to more young people in their 30s, 40s and 50s being diagnosed with hypertension, around 1 in 3 people in the UK are now living with high blood pressure.

 

Know Your Numbers! Week is the UK’s biggest free blood pressure testing event held at ‘Pressure Stations’ around the country. The campaign encourages people to have their blood pressure measured so they can take the steps needed to maintain a healthy blood pressure and reduce their risk of debilitating strokes and heart attacks. Volunteers hosting the Pressure Stations provide information and advice on simple steps to keep blood pressure under control and will measure people’s blood pressure accurately.

 

High blood pressure is known as the silent killer, as there are no symptoms, it is therefore important that people have their blood pressure checked and if it is high, speak to their healthcare professional and then make the necessary lifestyle changes to help them manage it.

 

Key risk factors for developing high blood pressure are eating too much salt, not enough fruit and vegetables, being overweight and not taking enough exercise.

 

Professor Graham MacGregor, Chairman of Blood Pressure UK says: “High blood pressure kills thousands of people every year in the UK and is almost entirely preventable. It’s imperative that everyone, including children, has their blood pressure taken at least once a year and more regularly if it’s a high reading in consultation with their GP.”

 

Hemini Bharadia, Know Your Numbers Week! Campaign Manager says: “High blood pressure does not discriminate on age or gender – people are dying unnecessarily because they fail to take such simple steps to reduce their blood pressure. Know Your Numbers! Week is the perfect opportunity to have your blood pressure taken for free and put you in control of your health.”

 

For further information on Blood Pressure UK and Know Your Numbers! Week, go to: www.bloodpressureuk.org/microsites/kyn/Home/AboutKYN

 

To find your nearest blood pressure station visit
http://www.bloodpressureuk.org/microsites/kyn/Home/Freebpche...

 

Between feedings, changing diapers and household chores, sleep is often put on the back burner for new parents at the end of a busy day.

 

In fact, a survey of 2,000 parents, conducted by OnePoll on behalf of Mattress Firm, found the average parent loses one-third of his or her nightly sleep after a baby arrives, decreasing from an average of six hours per night to just four. The same study also found that nearly half (48 percent) of new parents said sleep loss is their biggest obstacle to overcome.

 

Getting adequate sleep may seem impossible with a new addition but it is essential for managing stress and preparing for the day ahead. While there isn’t a magical formula for getting enough sleep, these strategies can help:

 

Find time for rest
While your first inclination is probably to be productive while your little one naps, taking a nap of your own – even 20-30 minutes – may prove more beneficial. Even if you can’t sleep every time your baby is napping, try lying down or doing something relaxing like yoga, meditation or reading a book every so often. Taking a few minutes for yourself can give you the energy to tackle the rest of your to-do list later in the day.

 

Split duties
According to the survey, 67 percent of female respondents said their partner got more sleep in the first year of parenting. To help reduce the burden and ensure both parents are getting adequate rest, work out a schedule that allows each of you to alternate tackling those late-night feedings and diaper changes while the other sleeps.

 

Establish a routine
Creating a routine with your baby before going to sleep, such as reading a book or taking a bath, can signal that it’s time for bed and help him or her calm down. Try making bedtime the same every night to further enhance the routine. Doing so can help both you and your baby get more rest.

 

Try soothing techniques
The average parent spends 74 minutes every day – that’s the equivalent of 19 days a year – trying to woo his or her baby to sleep, so unless you suspect your baby is hungry or uncomfortable, encouraging self-soothing could help your child’s sleep schedule in the long-run. Of course, self-soothing isn’t right for every family and there are also things that can be done to help lull your little one to sleep, such as rocking your child, giving him or her a pacifier or using a sound machine to play comforting sounds or white noise.

 

Choose the right mattress
Getting the National Sleep Foundation-recommended 7-9 hours of sleep per night can have a dramatic impact on your mood, performance and health. Your body can experience many changes after giving birth and a new mattress can help alleviate pain or discomfort. Sleeping on a mattress that is right for you can be key to getting the sleep you need, and a retailer like Mattress Firm, America’s No. 1 specialty bedding retailer, has a broad selection of mattresses and bedding accessories from leading manufacturers to help you get a better night’s sleep.

 

Remember, the sleepless nights won’t last forever; the American Academy of Pediatrics notes almost all babies should be able to sleep through the night by 6 months of age. For more strategies for helping new parents sleep, visit DailyDoze.com and follow along on social media with #WorkHardSleepHarder.

 

 

 

 

 

• Last chance to get the best deals
• Trade-in prices set to plummet as new iPhone release date looms
• Big dip in recycling price expected following launch

 

3 September – Independent mobile phone comparison site, www.compareandrecycle.co.uk, is warning of a big drop in recycling prices for iPhones from 12 September, the date of the highly anticipated Apple Event, where it will reveal its latest range of phones. Compare and Recycle is urging customers not to miss the boat on the current price surge and is encouraging those who want to get the best price possible for their old iPhones to lock in a price before it’s too late.

 

Its most recent and comprehensive iPhone Price Tracking report (https://www.compareandrecycle.co.uk/blog/act-now-12-septembe…), which analyses data around the past six generations of iPhones, shows a big dip in what you can earn for your old iPhone as the new models come to market. The data shows that in the ten days between the announcement of the new iPhone and its release, consumers are likely to receive £50 less for their old phones.

 

www.compareandrecycle.co.uk is recommending that customers lock in a price for recycling their phone by 12 September at the latest to ensure the best trade-in price. After that, prices are set to be turbulent and face a slow decline throughout the remainder of the month and beyond.

 

Matthew Moreton, Managing Director at Compare and Recycle, explains: “The announcement date means one thing for iPhone resale prices: they will be at their highest prior the date of unveiling and if you don’t lock in your recycling price on announcement date, you will miss out on a fair amount of cash.

 

“So if you are looking to trade up, and haven’t yet read our in-depth iPhone Price Tracking report, then head online and plan your trade-ins, contract renewals or upgrades in accordance to when the prices maintain for the longest.”

 

 

 

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