New research by Scottish Widows has found that more than a fifth (22%) of Brits admit that they have `too much debt to feel secure`.

The Scottish Widows Priorities of Life index found that although the UK is no longer in recession, many people are still feeling financially insecure because they don`t have enough time to focus on their financial futures.

36% of respondents said they aren`t prioritising their financial security enough, even though just under a quarter (24%) said they are `more afraid of neglecting their financial security than anything else in their life`.

A spokesperson for Debt Advisers Direct commented: “Making contributions to a savings account in preparation for the future can be an excellent way to protect against debt.

“However, some people aren`t in a position to save – possibly because of the debts they are carrying. We would advise anyone in this situation to contact a professional debt adviser.”

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