Debt management plans are in demand as UK residents are getting themselves into debt because they aren't facing upto financial reality.
In the Quarterly Savings Survey conducted by National Savings and Investements, results show that people aren't saving money due to their beliefs that they will gain higher salaries or money in the form of inheritance in the future.
While Brits are failing to plan their financial futures, a tiny 12 per cent have savings. Of the people who have savings, 30 per cent say that they wouldn't have enough put away for a financial emergency.