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May 2006
Debt: A Selection Of Facts And Figures
debt facts and figures - image - man holding head in hands UK PERSONAL DEBT:
The total figure for UK mortgage borrowing will exceed the £1 trillion mark as of the start of May 2006.

Debit/Credit cards & Personal Loans:  282 plastic transactions took place every second in the UK in 2005!

The Under 30's: Younger people have the highest level of unsecured debt in the UK, with the average person under 30 owing nearly £8,000.

Pension Provision: Over 8 million British workers don’t have any provision for a pension according to a recent report issued by Virgin Money.

Housing Figures: According to figures from the Office of Deputy Prime Minister the average house price in the UK in February 2006 was £183,224 (£191,563 in England).

Housing for 1st Time Buyers: The average house price in the UK in February 2006 for first time buyers is £141,069.

Cost of Bringing up Children: On average parents typically spend £165,668 on raising a child from birth to the age of 21 (approximately £7,889 a year) figures from friendly society Liverpool Victoria's most recent annual Cost of a Child survey.

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