Average Household Debt

Britain’s household debt mountain has reached a new peak (Latest numbers – July 2019)

• £59,319 – Average total debt per UK household (including ALL mortgages)
• £2,609Average credit card debt per household
• 26 years and 7 months – Time to pay off average credit card debt making only the minimum payment per month
• 19.99% – Average credit card interest rate in July 2019

PEOPLE IN THE UK OWED £1,647 BILLION AT THE END OF JULY 2019.

Source: TheMoneyCharity.org.uk

 

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