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.