A third of Britons spend £2,555 over their pay

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The Independent Online

British workers are spending £40bn more than they earn each year, according to research by the short-term loans company Lending Stream.

One-third of Britons are suffering from "salary dysmorphia", as they spend an average £2,555 more per person a year than is in their pay packet. Nearly one-third of workers are blowing their budgets, up from 26 per cent last year. The survey showed that 13 per cent of respondents claimed any overspend was due to unforeseen expenditures, such as their car breaking down or emergency dental work. Women were found to be slightly less likely to stick to their budgets than men.