Thursday, May 04, 2006

Worrying reading on the UK debt mountain

Credit Action: April debt statistics update

According to the Council of Mortgage Lenders (CML) total household debt has grown sharply as a percentage of disposable income over the past decade and currently stands close to 150%. At the end of 2005, the secured debt to income ratio was 121%, compared to 80% in 1995. And the unsecured debt to income ratio was 24%, almost double that of 10 years ago.

Posted by Uncle Chris @ 04:27 PM (576 views)
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