Press release: Fear of appearing ‘tight’ fuels UK overspending

**24 June 2014 **

While most of us can empathise with the feeling of overspending on a night out or social occasion, new research among 3,000 UK adults from the Money Advice Service has shown that 48% of the nation admit to falling into debt as a result of their social lives. The average ‘social debt’ among this group is £1,260, with 56% of all UK adults saying they usually spend more than they plan to on social occasions.