UK Debt Statistics - December 2012

İDS UK Debt ideal debt solutions STATISTICS December 2012 Outstanding personal debt was £1.422 trillion at the end of December 2012. This is up from £1.406 trillion at the end of December 2011. At the end of December 2012, individuals owed nearly as much as the entire country produced during the whole of 2011. 2011 2012 Outstanding unsecured (consumer credit) £157 billion lending was at the end of December 2012. This is down from £160 billion at 2011 2012 the end of December 2011. The average amount owed per UK adult (including mortgages) was £28,944 in December. This is up from a revised £28,910 in November, and was around 117% of average earnings. Nov Dec Based on December 2012 trends, the UK's total interest repayments on personal debt over a 12 month period would have been £60.4 { billion. This is equivalent to £165 million per day. This means that UK households would have paid an average of £2,294 in annual interest DEBT repayments. The Office for Budget Responsibility (OBR) predicted in December 2012 that total household debt will reach £1.997 trillion in Q1 2018. This would mean that average household debt would reach £75,769. %3. DEBT Brought to you by Ideal Debt Solutions Data Source : http://www.creditaction.org.uk/helpful-resources/debt-statistics.html £1.406 £28,910 trillion £1.422 £28,944 trillion £160 billion £157 billion