Available Cash to Spend Falls As Rising Cost of Mortgages Hits Home
The Scotsman › October 09, 2006
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Summary
THE amount of money available to be spent by the typical Scottish household has plunged by more than one-quarter in just six months.
Average levels of disposable wealth north of the Border fell to GBP 21,983 last month, from GBP 29,724 in March.See the full content of this document
Extract
Available Cash to Spend Falls As Rising Cost of Mortgages Hits Home
Experts say the dramatic decrease is due to larger mortgages and falls in the stock market.
Disposable wealth is defined as savings and stocks and shares, as well as the element of a house's value that could be turned into cash, such as th...See the full content of this document
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