With more and more credit cards being brought onto the market are credit cards for those who buy within their means or are they simply making more of us get into debt.

Researchers from Uswitch spoke to over 4,000 adults and reviewed data on income and expenditure from the Office for National Statistics (ONS). From which the comparison website reported more than five million people are spending more that they bring in each month.

The research also showed on top of this a fifth of adults had no spare money at the end of each month.

With this being reported it is hardly any surprise that the same study found around 50% of people living beyond their means are relying heavily on credit cards and overdrafts to keep them afloat.

The study showed on average the amount that people have left each month, after all normal expenditure, such as debt repayments, essential and non essential items was a mere £157.

Experts have said with the level of spare cash being so low the likelihood of those with debt problems will jump. This will be due to interest rate changes and other unavoidable financial commitments. They also comment an increase in bankruptcy would be unsurprising.