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Workers in East of England spend more on payday than almost any other region

Workers in the East of England spend more of their wages on payday than in almost any other UK region, research has shown. Picture: John Stillwell/PA Wire

Workers in the East of England spend more of their wages on payday than in almost any other UK region, research has shown. Picture: John Stillwell/PA Wire

Almost a quarter of people (23%) in the East of England spend more than half of their income the day they receive it, new research shows.

A consumer survey, conducted for KPMG by YouGov, revealed that the East of England is the country’s second biggest payday spending region, beaten only by the West Midlands (26%) and tied with the South East.

The survey also revealed that for those in the East, 
the most significant expenses on payday are utility bills (60% of respondents), housing costs (53%) and grocery shopping (34%).

Some 24% of those in 
the region also focus on paying off credit card bills, while 14% were found to be paying off loans and other unsecured debt within 24 hours of being paid.

Across the UK, more than one in five (22%) 25 to 34-year-olds spend at least 60% of their pay as soon as they get it, with 3% finding themselves in the red by the end of the day.

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