Over a quarter of Brits stressed by their financial situation

Some 28 per cent of Brits are currently worried about their personal financial situation, a new survey reveals.

According to aol.co.uk, the survey by ComRes for BBC Breakfast shows that the majority of Brits still aren't feeling the impact of the economic recovery. In fact, three-quarters believe their financial situation will not improve over the next year and seven in ten already feel negative about how much money they have.

Some 19 per cent of Brits aren't earning enough to cover their monthly spending, meaning they are at real risk of driving themselves into debt. Respondents say they are most concerned about the rising cost of food shopping and utility bills this year.

Only 40 per cent of those surveyed think they'll get a pay rise this year, reports shropshirestar.com. One in four expect their wage rises to go above the rate of inflation.

Figures from the treasury indicate that two-thirds of Brits have seen their wage increases beat inflation every year since 2006, with the exception of 2011.

However it isn't all bad news, as almost a third think their finances will improve overall in 2014. Two-thirds of people also report that they don't spend all their wages every month and are able to put something away into their savings account.