Despite earning more money than the national average those with high incomes are developing financial difficulties, new research shows.A study carried out by Axa reveals that about three-quarters (72 per cent) of Britons earning at least 30,000 pounds a year are looking to cut back on their spending over the course of 2008. Meanwhile, 15 per cent of those surveyed state that they have been forced to get another job or coerce a non-working member of their household to find employment in a bid to bring in more income. In a further attempt to reduce pressures on their spending, just under half (44 per cent) of respondents state they will dine out less often. Meanwhile, some 21 per cent claim they will spend less time socialising with friends.Due to such difficulties with managing money, it may be possible that consumers develop problems with making repayments on personal loans and credit cards, as well as meeting the cost of mortgages, council tax and household bills.Steve Folkard, spokesperson for Axa, said: “It’s no wonder that households with above-average incomes are struggling to cope. A typical family in middle Britain may have a higher than average income but millions are weighed down by […]

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