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Credit Action - June 2009 Stats

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Always a fun one to wheel out in discussions. Shame it's not adjusted for wage inflation, as that just makes it all the more scary (if for no other reason than no-one can then claim "it's not adjusted for wage inflation").

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Total UK personal debt

Total UK personal debt at the end of April 2009 stood at £1,459bn. This has slowed further to 1.8% in the last 12 months which equates to an increase of ~ £22.4bn (the increase was ~£116bn in January 2008).

Total secured lending on dwellings at the end of April 2009 stood at £1,227bn. This has slowed further by 0.4% to 1.5% in the last 12 months.

Total consumer credit lending to individuals at the end of April 2009 was £232bn. This has continued to fall to 2.9% in the last 12 months.

Total lending in April 2009 grew by £1.3bn; secured lending grew by £1.0bn in the month; consumer credit lending grew by £0.3bn (total lending in January 2008 grew by £8.4bn).

Average household debt in the UK is ~ £9,280 (excluding mortgages). This figure increases to £21,570 if the average is based on the number of households who actually have some form of unsecured loan.

Average household debt in the UK is ~ £58,370 (including mortgages).

If you add to this the 2009 budget figure for public sector net debt (PSND) expected in 2013-14 then this figure rises to £116,210 per household.

Average owed by every UK adult is ~ £30,500 (including mortgages).

More from the link below:

http://www.creditaction.org.uk/debt-statistics.html

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