Foreclosure filings hit an all-time high with a 65% year-over-year increase in April and a 4% increase from March, RealtyTrac reported yesterday (Wednesday).

According to the latest survey from Axa, 75% of households plan to cut back this year as the credit crunch bites. Sounds sensible – until the survey then reveals that most are stuck as to whether to cut back by “going out less”, or simply reducing the amount they save for their pensions.