Credit and debt news
Bonuses used to clear debt
23 February, 2007
If rewarded with a juicy bonus in their paycheck, more people would choose to channel it into paying off their existing debt, according to recent research
Holidays were the next most popular choice for employees, followed by the quarter of adults who would put it into a savings account.
Savings were the top priority for 16-24 year olds, although 17 per cent would head off to treat themselves with a shopping spree.
Amongst older respondents, paying off debts was the top priority for 38 per cent of 25-34 year olds, 42 per cent of 35-44 year olds and 41 per cent of 45-54 year olds – presumably as they have had longer to accrue larger amounts of debt.
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