• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Go to Positive Money Europe

Positive Money

Making money and banking work for society

  • About us
    • Our vision
    • Who we are
    • History & highlights
    • Contact us
    • There are currently no vacancies available
    • In the media
    • Funding & Annual Reports
  • What we do
    • Educate & empower
    • Research and Policy
    • Campaign & local groups
    • Influence decision makers
    • In the media
    • International Movement
    • Events
  • Resources
    • Videos
    • Publications
    • Local group resources
    • Lobby your MP
    • Organise an Event
    • Policy resources
    • Shop
  • Press
  • Blog
  • Donate
  • Positive Money Europe

Average household debt on the up as rate of repossessions rise

by Positive Money

Today financial capability charity Credit Action releases its Debt Statistics, giving an overview of the financial situation in the UK. The latest figures suggest that debt levels remain stubborn, with some households finding it increasingly difficult to get by.

Headline figures:
  1. £53,995: average household debt (including mortgages) in March up from £53,994 in February
  2. £5,980: average household debt (excluding mortgages) in March up from £5,978 in February
  3. £164 million of interest was paid every day on personal debt in March
  4. £1.585 billion: the daily value of all plastic card purchases in February
  5. 1,501 people were made redundant every day between December and February
  6. 900,000 people had been unemployed for more than a year between December and February
  7. Every 5 minutes 15 seconds someone was declared bankrupt or insolvent during Q1 2013
  8. Every 16 minutes 26 seconds a property was repossessed during Q1 2013
  9. It cost £68.45 to fill a 50 litre tank with unleaded petrol in April
  10. The Government borrowed an estimated £5,638 every second during March

Poverty, Debt and Inequality

Positive Money

Primary Sidebar

Get our latest campaign updates

Recent Posts

  • Quantitative easing “turbocharges” inequality: our evidence to the House of Lords
  • Surprise for Sunak: 60,000 demand climate action on frontpage of his local paper
  • QE or not to QE? Soaring inequality proves it’s time for a new macroeconomic approach
  • Update from Chair of the Board on Interim Leadership
  • Why GameStop reveals the flaws of big finance

Footer

Follow us on social media

  • Facebook
  • Instagram
  • Twitter
  • YouTube

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.


Privacy Policy, Terms & Conditions


Positive Money is a company limited by guarantee registered in England and Wales. Registered number 07253015.
Registered office: 307 Davina House, 137-149 Goswell Road, London EC1V 7ET.


Positive Money Europe