According to a new report, today people are owing more than a sum of 2.6 billion pounds as far as IOU's from colleagues, friends and family is concerned. A research in this regard was done by O2 Money which showed that in the year 2011 around half of the adults had lend money to the other such as work colleagues, children as well as friends.
Although normally the span of repayment is 60 days but every one in two people has still not been able to get their money. Most of them has given money to the people who had said they had shortage of cash in hand or who were not carrying their credit card at that point of time. They were not able to ask about their money back as they felt quite awkward doing so.
The citizens of Wales had given least amount of money in the form of loans which on an average was 71 pounds in the year 2011 but these were the only people who had settled this money at the quickest which was 36 days. The study said that amount around 2000 adults, the people at the age of 55 years were the most generous ones.
Although normally the span of repayment is 60 days but every one in two people has still not been able to get their money. Most of them has given money to the people who had said they had shortage of cash in hand or who were not carrying their credit card at that point of time. They were not able to ask about their money back as they felt quite awkward doing so.
The citizens of Wales had given least amount of money in the form of loans which on an average was 71 pounds in the year 2011 but these were the only people who had settled this money at the quickest which was 36 days. The study said that amount around 2000 adults, the people at the age of 55 years were the most generous ones.
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