UK Personal Debt Statistics from the Money Charity October 2013

Outstanding personal debt stood at £1.427 trillion at the end of August 2013. This is up from £1.421 trillion at the end of August 2012.

Outstanding secured (mortgage) lending stood at £1.268 trillion at the end of August 2013. This is up from £1.264 trillion at the end of August 2012.

Outstanding unsecured (consumer credit) lending stood at £158.7 billion at the end of August 2013. This is up from £156.8 billion at the end of August 2012.

Average household debt in the UK (excluding mortgages) was £6,020 in August. This is up from a revised £6,007 in July.

Average household debt in the UK (including mortgages) was £54,141 in August. This is up from a revised £54,111 in July.

The average amount owed per UK adult (including mortgages) was £28,630 in August. This is up from a revised £28,614 in July and was around 116% of average earnings.

Average consumer borrowing (including credit cards, motor & retail finance deals, overdrafts & unsecured loans) per UK adult was £3,183 in August. This is up from a revised £3,177 in July.

The estimated average outstanding mortgage for the 11.3m households that carry mortgage debt stood at £112,640 in August.

Based on August 2013 trends, the UK’s total interest repayments on personal debt over a 12 month period would have been £59.8 billion. This is equivalent to £164 million per day. This means that UK households would have paid an average of £2,267 in annual interest repayments.

 

EVERYDAY IN THE UK

An additional 14 people a day became unemployed for over 12 months during the year ending July 2013.

1,326 people a day reported they had become redundant between May and July 2013.

Public Sector Net Borrowing (excluding financial interventions) was £13,157 million in August 2013, meaning that the Government borrowed an average of £424m per day during the month (equivalent to £4,912 per second).

Based on the latest available data, Credit Action estimates that every day in the UK:  

282 people are declared insolvent or bankrupt every day (based on Q2 2013 trends). This is equivalent to one person every 5 minutes 7 seconds 

1,317 Consumer County Court Judgements (CCJs) are issued every day (based on Q2 2013 trends). The average value of a Consumer CCJ in Q2 2013 was £2,766.

Citizens Advice Bureaux in England and Wales dealt with 7,420 new debt problems every working day during the year ending June 2013.

It costs an average of £29.02 per day to raise a child from birth to the age of 21.

84 properties are repossessed every day (based on Q2 2013 trends).

141 mortgage possession claims are issued and 113 mortgage possession orders are made every day.

431 landlord possession claims are issued and 319 landlord possession orders are made every day.

The UK population grew by 1,123 people a day between 2001 and 2011.

899,000 people had been unemployed for over 12 months between May and July, virtually unchanged from the previous three months, and down 5,000 (14 a day) from a year earlier.

The UK economy grew by 0.7% in the second quarter of 2013, according to latest estimates from the Office of National Statistics.

The number of unemployed people in the three months between May and July 2013 was 2.49 million (7.7%). This is down by 24,000 from the previous three months, and down by 105,000 from a year earlier.

121,000 people (1,326 a day) reported they had become redundant over the three months. This is down by 20,000 from the previous three months, and down by 21,000 from a year earlier.

30.9m plastic card purchase transactions were made every day in July 2013 with a total value of £1.473 billion.

9.00m cash machine transactions were made every day in August with a total value of £368m.

A new car in the £13,000 – £18,000 price bracket travelling 10,000 miles per year costs £16.23 per day to run.

It cost £68.80 to fill a 50 litre tank with unleaded petrol in September.

Based on annual figures to the end of June 2013, Citizens Advice Bureaux in England and Wales are dealing with 7,420 debt problems every working day.

According to the Council of Mortgage Lenders (CML), 7,700 properties were taken into possession in Q2 2013 (this is down from 8,000 in Q1 2013 and represents 0.07% of all outstanding mortgages).

This equates to 84 properties being repossessed every day, or one property being repossessed every 17 minutes 4 seconds.

Total credit card debt in August 2013 was £57.2bn.

During July 2013 an average of 357 purchases were made in the UK every second using debit and credit cards, based on figures from the UK Cards Association On a daily basis, purchases using plastic cards were worth £1.473 billion during July


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