Footie fans reluctant to cut costs despite debt problems

Published on

Only one in 10 would consider cutting their football season ticket if they had severe debt problems according to a nationwide study by research firm GfK NOP.

The national report, which was recently commissioned as a pre-world cup study by debt management company, Debt Advisory Line, polled 1000 adults and found that only 10% of respondents would consider slashing their season ticket in a bid to curb costs if they had severe debt problems.

Those in the South were less likely to sacrifice their season ticket than those in the North but it was fans in the Midlands who were the least prepared to give it all up to save the pennies – only 5% of those in the East and West Midlands said they would surrender their season ticket to stay out of the red. Single respondents were twice as likely as their married counterparts to give up their season tickets.

Debt Advisory Line, commissioned the nationwide survey as part of its ongoing research into customer spending habits.

Martin Chapman, head of group marketing and business development, Debt Advisory Line, said: “Studies like this one show just how reluctant people can be when it comes to curtailing costs and how important lifestyle items like season tickets can be for entertainment purposes.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

WIS Mortgages sets out five-year adviser growth strategy

WIS Mortgages has announced a five-year growth plan centred on expanding its adviser community...

Nivo targets specialist lenders with AI-powered case management service

Nivo has launched an AI case coordination platform aimed at helping specialist lenders process...

New Leaf Network extends Twenty7tec technology agreement

New Leaf Network has agreed a further three-year partnership with Twenty7tec, retaining the technology...

HTB provides £9.8m funding for North West property portfolio

Hampshire Trust Bank (HTB) has refinanced a portfolio of 40 properties in the North...

Mortgage brokers have little to fear from AI, says Mortgageforce boss

Mortgage brokers should embrace artificial intelligence rather than fear it will ultimately replace them,...

Latest publication

Other news

The FCA protection market study shouldn’t ignore redundancy

Considering a third of employers are likely to implement staff redundancies by January 2027,...

WIS Mortgages sets out five-year adviser growth strategy

WIS Mortgages has announced a five-year growth plan centred on expanding its adviser community...

Nivo targets specialist lenders with AI-powered case management service

Nivo has launched an AI case coordination platform aimed at helping specialist lenders process...