Total UK Personal Debt
People in the UK owed £1,629 trillion at the end of January 2019 an extra £952.50 per UK adult over the year.
The average total debt per household, including mortgages, was £59,409, around 112.4% of average earnings.
The Office for Budget Responsibility forecast household debt to reach £2.425 trillion in 2023/24. This would make the average household debt £86,388.
Consumer Credit Debt
At the end of January 2019, outstanding consumer credit lending was £216.3 billion, increasing by £674 million on the revised total for the previous month. Within the total, outstanding credit card debt came to £72.3 billion, an average of £2,638 per household and £1,380 per adult.
People in the UK owed £1,629 trillion at the end of January 2019. The average total debt per household, including mortgages, was £59,409, and per adult was £31,073, around 112.4% of average earnings.
• The population of the UK grew by an estimated 1,166 people a day between 2017 and 2018.
• On average, a UK household spends £3.97 a day on water, electricity and gas.
• 371 people a day were declared insolvent or bankrupt in October to December 2018. This was equivalent to one person every 3 minutes and 53 seconds.
• 3,055 Consumer County Court Judgements (CCJs) were issued every day in England and Wales in 2018, with an average value of £1,431.
• Citizens Advice Bureaux in England, Wales and Northern Ireland dealt with 2,491 debt issues every day in the year to February 2019.
• The number of people unemployed fell by 307 per day in the year to January 2019.
• Net lending to individuals and housing associations in the UK grew by £136 million a day in January 2019.
• Government debt increased by £73.7 million a day in the year to January 2019.
• Borrowers paid £140 million a day in interest in January 2019.
• It costs an average of £22.95 per day for a couple to raise a child from birth to the age of 18.