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LATEST NEWS & EVENTS More consumers 'pessimistic about finances'  More people could be seeking advice from an insolvency lawyer as just a quarter of adults believe their financial situation is going to improve in the next six months. This marks a fall of ten percentage points from last year, according to personal and commercial insolvency body R3. Its latest Personal Debt Snapshot reveals one in five (21 per cent) consumers are deferring big financial decisions, compared to 14 per cent this time last year. Over one in ten (11 per cent) are falling behind paying their bills, compared to five per cent in July 2010. The report also found over 44 per cent of people are now struggling to make it to pay day. R3 vice-president Lee Manning said the figures were unsurprising, given the problems people are facing with their disposable income. "The nation's uncertainty is underpinned by the fact that more people are putting off big financial commitments," he added. "It is sensible not to tie yourself into a long and heavy financial obligation if you're worried about your future financial security." Nearly half of individuals (47 per cent) are concerned by their debts, R3 revealed earlier this month. Posted by Paul Stevens 
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