UK tops the G7 nations with highest level of personal debt

Reported in The Telegraph, British households are now more indebted than any other major country in reported history.

Families in the UK now owe a record 173% of their incomes in debts, official figures from the Office of National Statistics have shown.  The ratio of debt to income is higher than any other country in the G7, the group of seven leading industrialised economies, and is sharply higher than the 129% of incomes it was five years ago.

Read the full article here.

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