Your Money: Pound notes

0 Comments | Sunday Mirror, May 25, 2008 | by MELANIE WRIGHT

BAG SNATCHER

pounds WAGs are now being replaced by a new type of man, the BAG (Boyfriend and Gold-digger), claims Scottish Widows. Their survey found nearly one in five men would consider marrying someone purely for money, compared with just one in 10 women.

PENSION FEAR

pounds RISING utility costs and fears of recession are the key retirement concerns of the over-50s, according to a survey by pensions and insurance group LV= . Those approaching retirement reckon they will need pounds 20,100 a year but only have pounds 16,900 on average.

PAY NOW BOOM

pounds SPENDING on debit cards rose by 11 per cent last year, while credit card spending has held steady over the past three years as more people prefer to take a "pay now" rather than a "pay later" approach, says the Association of Payment Clearing Services.

WOMAN'S WORK

pounds THE number of stay-at-home mums has fallen from 2.8million in 1993 to 2.2m today, according to research by uSwitch.com. Parents say they would need an average income of pounds 31,731 a year for one of them to be able to stay at home because of the rising cost of living.

NO CHARGES

pounds MOST people would not be prepared to pay for a bank account, even if it means a fairer, simpler banking system with no hidden monthly charges, according to comparison website MoneyExpert.com