Q: If you have a small income (or maybe your a pensioner) and your savings are in building societies or banks, own your home or have a small mortgage, what affect will the current financial problems have on you ?
A: Unless you need to borrow new money, essentially, zero. On the other hand the price of Oil and inflation in general will already be having a massive effect .. you will already be paying up to 40% more for your Gas & Electricity and food will have gone up by 20% or more .. however your income will hardly have changed .. ... so you might, in fact, run into the 'Credit Crunch' if you decide to take out a loan against the equity in your property ...