Credit Limits On Cards

M_Thomson

sparkle84 wrote:

it time we all faced the fact that UK is the only country in the world with £1,000,000,000,000

We can't claim that record he he! We are the second most indebted nation behind America which has about $6 Trillion of Personal Debt!

ffs

sparkle84 wrote:

You haven't been patronised you simply don't like the answers you were given which presumably is why you would like the thread to stop - it time we all faced the fact that UK is the only country in the world with £1,000,000,000,000 of personal debt our banks are not regulated very differently from others but for some reason spending has gone completly out of control but it has become an addiction or is blamed on reckless lending it neither it our fault we are in debt and its up to us to get ourselves out of it

It sounds a lot I agree, BUT, it's always worth thinking a little more deeply about these headline figures. This figure actually represents £45k per household, and it includes mortgages. Not every household has a mortgage on their home, as of course some are rented and some are owned outright, but £45k per household is much easier to comprehend than the frankly unimaginable figure of one trillion.