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Debt levels soar
homelessskilledworker
Posts: 1,664 Forumite
http://www.independent.co.uk/news/uk/millions-face-financial-woe-as-debt-levels-soar-7803749.html
Not including mortgages, average debt levels have soared 58 per cent over the past 12 months to £9,314. A year ago the average family owed just £5,878.
Not including mortgages, average debt levels have soared 58 per cent over the past 12 months to £9,314. A year ago the average family owed just £5,878.
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Interestinghomelessskilledworker wrote: »Debt levels soarA quarter of families are cutting back on food costs by not
ordering a regular take-away, or by buying basic ranges in the
supermarket, according to the Aviva report. However, they are still
buying takeaway coffee.0 -
Do we have bots on this site crawling for negative news stories and then posting them without offering any input, such as their opinion on the news article they've just posted?"Beware of little expenses. A small leak will sink a great ship." - Benjamin Franklin0
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Graham_Devon wrote: »Form your own opinion, and THEN have a pop if you like, based on your opinion.
Sorry guv."Beware of little expenses. A small leak will sink a great ship." - Benjamin Franklin0 -
No probs, always happy to help.0
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Almost one in eight families – 12 per cent – report that the primary earner has taken on a second job.
What's wrong with these people?
Surely the best response to an increased cost of living is to set up an account on MSE and start moaning about it.
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This is actually worth posting a thread about. Crap about house prices shifting 0.1%, rents rising, tenants struggling is largely irrelevant.
I posted this a few days ago, we are getting to the level that broke America first time around. Not good, if it doesn't reduce then interest rates cannot be raised and inflation will be a real concern.The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0 -
homelessskilledworker wrote: »Not including mortgages, average debt levels have soared 58 per cent over the past 12 months to £9,314. A year ago the average family owed just £5,878.
Does anybody know what proportion of families have no debts other than a mortgage?
Once those families were removed from the equation we would be able to see how indebted the average family with debts was.
For average debt to have increased by so much in so short a period this points to a ticking time-bomb of debt, with these families becoming ever more indebted as they struggle to both service their debts and meet their living expenses. This at a time when we are meant to be seeing responsible lending."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
All that debt but people still like to buy take away coffee - I'm in the wrong game!0
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