Debt, the full picture

Generali

http://www.mortgageintroducer.com/mortgages/232892/4/Today%27s_breaking_news/Debt_-_the_full_picture.htm

Average household debt in the UK is ~ £9,600 (excluding mortgages). This figure increases to £21,875 if the average is based on the number of households who actually have some form of unsecured loan

Average owed by every UK adult is ~ £30,420 (including mortgages).

1/3rd of all groceries we buy today will end up in the dustbin

Phirefly

*conjoures mental image of G sat on a lush antipodean beach with his i-book, sipping margaritas while merrily ratching round the internet for more misery to relay to us schmucks stuck in the misery of the UK in January in a Recession*

Cheers, G

Generali

Phirefly wrote: »

*conjoures mental image of G sat on a lush antipodean beach with his i-book, sipping margaritas while merrily ratching round the internet for more misery to relay to us schmucks stuck in the misery of the UK in January in a Recession*

Cheers, G

Well it's 2am, still pretty hot out there and I'm posting from mother-in-law's place so it's not all good right now!

Then I've got this to look forward to:




That's in Sydney, not too far from where I'm staying.

Wookster

Generali wrote: »

1/3rd of all groceries we buy today will end up in the dustbin

This is something that smacks of this excessive living today.

It needs to change.

Thrugelmir

Average outstanding mortgage for the 11.7m households who currently have mortgages now stands at ~ £104,058.

Of the statistics quoted this most the most frightening. As according to the Guardian on 2nd January.

[QUOTE]The latest Halifax numbers mean that the average house price of £159,900 is a fifth lower than it was at the peak of the housing market bubble in the autumn of 2007 and has already fallen further than in the last downturn in the early 1990s[/QUOTE]

So a lot of mortgage holders with little to no equity.

treliac

Thrugelmir;17960687]Of the statistics quoted this most the most frightening. As according to the Guardian on 2nd January.

The latest Halifax numbers mean that the average house price of £159,900 is a fifth lower than it was at the peak of the housing market bubble in the autumn of 2007 and has already fallen further than in the last downturn in the early 1990s

So a lot of mortgage holders with little to no equity.

It's funny, I can't quite pinpoint the moment when people decided that the purpose of having a mortgage was no longer to be able to pay off their loan and buy their house, but rather a vehicle for accessing ever more cash.

moggylover

Generali wrote: »

Well it's 2am, still pretty hot out there and I'm posting from mother-in-law's place so it's not all good right now!

Then I've got this to look forward to:




That's in Sydney, not too far from where I'm staying.

The words Salt and Wounds keep popping into my mind

chopperharris

treliac wrote: »

It's funny, I can't quite pinpoint the moment when people decided that the purpose of having a mortgage was no longer to be able to pay off their loan and buy their house, but rather a vehicle for accessing ever more cash.

treliac grabs hammer , hits nail.

PasturesNew

I have no debt, no mortgage.

I'd say my yearly food wastage is about £2-worth. I hate waste.

I've had half a tin of peas in the fridge for 3 days now, so had to have a packet of noodles for tea to mix them into.

Yesterday I had the last crust of an old home-baked loaf, that I'd tried to ignore since I baked a newer one a couple of days earlier ... so yesterday I dry pan-fried that (no toaster here) and topped it with beans. Ate it! Zero waste. Oh how that brought joy to my day. No, really!

treliac

PasturesNew wrote: »

I have no debt, no mortgage.

I'd say my yearly food wastage is about £2-worth. I hate waste.

I've had half a tin of peas in the fridge for 3 days now, so had to have a packet of noodles for tea to mix them into.

Yesterday I had the last crust of an old home-baked loaf, that I'd tried to ignore since I baked a newer one a couple of days earlier ... so yesterday I dry pan-fried that (no toaster here) and topped it with beans. Ate it! Zero waste. Oh how that brought joy to my day. No, really!

PN - Don't be so frugal that you get food poisoning.

PasturesNew

treliac wrote: »

PN - Don't be so frugal that you get food poisoning.

All you younger generation are a bunch of big girl's blouses
:P