Majority of adults who expect to run out of cash in January ‘in red by Thursday’

One in seven people were planning to take out new credit products in January, according to a survey (Alamy/PA) -

More than a third (35%) of people expect to run short of cash before the end of January, as winter bills and Christmas spending take their toll, a survey indicated.

And the majority (51%) of those who will run out of money this month expect to have used up all of their monthly income by Thursday (January 15), according to research for money platform Intuit Credit Karma.