Over 70% of people in their thirties are concerned about their ability to put money aside for their future, according to research by Halifax.
Almost half of people (45%) in the same age bracket admitted they are losing sleep at the thought of paying off existing credit card, loan and overdraft debts whilst coping with rising living costs.
Reflecting the true financial strain facing millions of homes across the UK, the survey found 46% of families would be pushed to the edge of their financial capabilities by an increase of just £99 to their monthly outgoings.
Anthony Warrington, director of personal current accounts at Halifax, advised households to make strict budgets in order to stay in control of their finances.
"Rising prices are putting disposable income under increasing pressure, but with essentials such as mortgages/rental payments, food, and energy/fuel bills taking up the largest chunk of household spending, it leaves some households with little room for maneuver.
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