I receive a monthly e-mail from Credit Action, listing the latest statistics on UK personal debt. Here are the headlines from today’s e-mail:
- Outstanding personal debt stood at £1.456 trillion at the end of January 2012.
- This is up from £1.452 trillion at the end of January 2011. Individuals owed nearly as much as the entire country produced during the whole of 2011.
- Outstanding secured (mortgage) lending stood at £1.248 trillion at the end of January 2012. This is up from £1.240 trillion at the end of January 2011.
- Outstanding unsecured (consumer credit) lending stood at £207 billion at the end of January 2012. This is down from £212 billion at the end of January 2011.
- Average household debt in the UK (excluding mortgages) was £7,975 in January. This is up from a revised £7,951 in December.
- Average household debt in the UK (including mortgages) was £55,988 in January. This is up from a revised £55,843 in December.
- The average amount owed per UK adult (including mortgages) was £29,634 in January. This was around 122% of average earnings.
(Source: Credit Action)
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For further data from Credit Action, click HERE