Wednesday, July 2, 2008
Average owed by every UK adult is ~ £30,394 (including mortgages).
Debt Facts and Figures - Compiled 1st July 2008 Total UK personal debt Total UK personal debt at the end of May 2008 stood at £1,443bn. The growth rate increased to 8.0% for the previous 12 months which equates to an increase of ~ £107bn. Total secured lending on homes at the end of May 2008 stood at £1,210bn. This has increased 8.2% in the last 12 months. Total consumer credit lending to individuals in May 2008 was £233bn. This has increased 7.0% in the last 12 months. Total lending in May 2008 grew by £5.4bn. Secured lending grew by £4.1bn in the month. Consumer credit lending grew by £1.4bn. link is to main page as stats page invalid - click debt stats link