Monday, November 7, 2016
Yet more Debt
Warning as household debts spiral to £1.5 trillion
I wonder what will happen when the Foreign financiers (Germany ?) decide they want their money back. I would also like to see the distribution of this. In the past most pensioners were debt free. Now they might have a couple of BTL mortgages.
Posted by tenyearstogetmymoneyback @ 08:12 AM (4794 views)
One thought on “Yet more Debt”
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mombers says:
87% of this is secured debt (mortgages). The collateral is rock solid, its value underpinned by access to easy credit. Oh wait that’s somewhat circular…