Money Statistics December 2021
The money charity produced monthly statistics on the various financial elements of the UK population. They have been doing this since 2005 and makes quite interesting reading. Here is the latest form from December 2021.
The money charity produced monthly statistics on the various financial elements of the UK population. They have been doing this since 2005 and makes quite interesting reading. Here is the latest form from December 2021.
I won't cover everything, you can find the latest information here.
| Description | Value |
|---|---|
| Average Total Debt per UK household | £62,965 |
| Total Unsecured Debt per UK household | £3,713 |
| Average Credit Card Debt per UK household | £2,085 |
| Total owed by people in the UK | £1,749.9bn |
| Outstanding Consumer Credit Lending | £196.4bn |
| Time for a 1st-time buyer to save for a home deposit | 15 years |
| Daily Repossessions in the UK | 4.5 or one every 5 hours |
| Time to repay a Credit Card with an average interest rate, making min payments | 25 years |
It's worthwhile information provided by the Money Charity and I recommend making it a regular read.
Lee Wisener, CeMAP, CeRER, CeFAP
Having worked in the mortgage industry for over 20 years I have always wanted to build a website dedicated to the subject. Also being a geek when it comes to the internet all I needed was time and I could both build the site from scratch and fill it with content. This is it!
<< Newer Post
Can't get a BTL without providing personal incomeOlder Post >>
Happy New Year 2022