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Debt Statistics
Striking Numbers
1 in 33 people in work
estimated to become unemployed in 2009£58,360
average household debt£181m
amount of interest paid in the UK dailyevery 10 minutes
a property is repossessed
3,310 people
made redundant every day1 person every 4.35 minutes
declared bankrupt or insolvent£106m interest
daily amount the Government pays of our national debt
Total UK personal debt
Total UK personal debt at the end of May 2009 stood at £1,459bn. This has slowed further to 1.4% in the last 12 months which equates to an increase of ~ £17.9bn (the increase was ~£116bn in January 2008).
Total secured lending on dwellings at the end of May 2009 stood at £1,226bn. This has slowed further by 0.2% to 1.3% in the last 12 months.
Total consumer credit lending to individuals at the end of May 2009 was £233bn. This has continued to fall to 2.3% in the last 12 months.
Total lending in May 2009 grew by £0.6bn; secured lending grew by £0.3bn 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 ~ £9,305 (excluding mortgages). This figure increases to £21,640 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 ~ £58,360 (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 £116,200 per household.
Average owed by every UK adult is ~ £30,480 (including mortgages).
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2009
June 2009
1 in 33 people in work estimated to become unemployed in 2009 | £58,370 average household debt | £182m amount of interest paid in the UK daily | every 10 minutes a property is repossessed | 3,178 people made redundant every day | 1 person every 4.35 minutes declared bankrupt or insolvent | £103m interest daily amount the Government pays of our national debt
May 2009
1 in 33 people in work estimated to become unemployed in 2009 | £58,350 average household debt | £189m amount of interest paid in the UK daily | every 10 minutes a property is repossessed | 3,000 people made redundant every day | 1 person every 4.5 minutes declared bankrupt or insolvent | £84m interest daily amount the Government pays of our national debt
April 2009
1 in 33 people in work estimated to become unemployed in 2009 | £59,765 average household debt | £199m amount of interest paid in the UK daily | every 10 minutes a property is repossessed | 2,915 people made redundant every day | 1 person every 4.5 minutes declared bankrupt or insolvent | £91m daily amount the Government pays of our national debt
March 2009
1 in 33 people in work estimated to become unemployed in 2009 | £59,730 average household debt | £209m amount of interest paid in the UK daily | every 10 minutes a property is repossessed | 2,831 people made redundant every day | 1 person every 4.5 minutes declared bankrupt or insolvent | £91m daily amount the Government pays of our national debt
February 2009
£135m daily increase in UK debt | £59,702 average household debt | £224m amount of interest paid in the UK daily | every 10 minutes a property is reposessed | 2,466 people made redundant every day | 1 person every 4.8 minutes declared bankrupt or insolvent | £102 average daily decrease in house prices since December 2007
January 2009
£154m daily increase in UK debt | £59,670 average household debt | £252m amount of interest paid in the UK daily | 124 properties repossessed daily | 1,490 people unemployed every day | 1 person every 4.8 minutes declared bankrupt or insolvent | £100 average daily decrease in house prices since December 2007
2008
December 2008
£1m every 9 min growth in UK debt | £175m daily increase in UK debt | £59,630 average household debt | £262m amount of interest paid in the UK daily | 124 properties repossessed daily | 1,522 people unemployed every day | 1 person evey 4.8 minutes declaued bankrupt or insolvent | £95 average daily decrease in house prices in 2008
November 2008
£1m every 8 min growth in UK debt | £207m daily increase in UK debt | £59,715 average household debt | £263m amount of interest paid in the UK daily | 121 properties repossessed daily | 1 person every 5 minutes declared bankrupt or insolvent | £91 average daily decrease in house prices in 2008
October 2008
£1m every 8.5 min growth in UK debt | £228m daily increase in UK debt | £59,350 average household debt | £262m amount of interest paid in the UK daily | 104 properties repossessed daily | 1 person every 5 minutes declared bankrupt or insolvent | £94 average daily decrease in house prices in 2008
September 2008
£1m every 7.3 min growth in UK debt | £254m daily increase in UK debt | £59,375 average household debt | £260m amount of interest paid in the UK daily | 104 properties repossessed daily | 1 person every 5 minutes declared bankrupt or insolvent | £93 average daily decrease in house prices in 2008
August 2008
£1m every 5 min growth in UK debt | £293m daily increase in UK debt | £57,950 average household debt | £258m amount of interest paid in the UK daily | 123 properties repossessed daily | 1 person every 4 minutes declared bankrupt or insolvent | £56 average daily decrease in house prices in 2008
July 2008
£1m every 5 min growth in UK debt | £293m daily increase in UK debt | £57,950 average household debt | £258m amount of interest paid in the UK daily | 123 properties repossessed daily | £1,430bn total UK debt | 1 person every 4 minutes declared bankrupt or insolvent
June 2008
£1m every 5 min growth in UK debt | £302m daily increase in UK debt | £57,683 average household debt | £258m amount of interest paid in the UK daily | 123 properties repossessed daily | 1 person every 4 minutes declared bankrupt or insolvent | £56 average daily decrease in house prices in 2008
May 2008
£1m every 5 min growth in UK debt | £309m daily increase in UK debt | £57,420 average household debt | £257m amount of interest paid in the UK daily | £1,430bn total UK debt | 292 number of people who will be declared bankrupt or insolvent today
April 2008
£1m every 5 min growth in UK debt | £304m daily increase in UK debt | £57,050 average household debt | £259m amount of interest paid in the UK daily | £1,421bn total UK debt | 292 number of people who will be declared bankrupt or insolvent today
March 2008
£1m every 5 min growth in UK debt | £310m daily increase in UK debt | £56,708 average household debt | £257m amount of interest paid in the UK daily | £1,412bn total UK debt | 292 number of people who will be declared bankrupt or insolvent today
February 2008
£1m every 5 min growth in UK debt | £327m daily increase in UK debt | £56,588 average household debt | £259m amount of interest paid in the UK daily | £1,409bn total UK debt
January 2008
£1m every 5 min growth in UK debt | £330m daily increase in UK debt | £56,234 average household debt | £94.5bn amount of interest we pay each year | £1,400bn total UK debt
