The effects of the credit crunch are seeping into our everyday lives, but Brits are keeping a cool head as more people describe themselves as “getting by” with their finances.

According to the latest research by Mintel, the number of consumers who would describe their financial situation as comfortable or managing easily has slipped from 64% to 51% over the space of a couple of years.

The proportion of those who need help to manage debt as they are struggling with their financial commitments has doubled to 4%, as more Brits admit that they have missed financial payments recently.

Senior finance analyst at Mintel, Toby Clark, comments that: “The good news is that the vast majority of people can still afford to make ends meet. But there has clearly been a deterioration in people’s perception of their financial situation over the past two years.”