Total UK Personal Debt

Outstanding personal debt stood at £1.451 trillion at the end of November 2011.  Individuals owed nearly as much as the entire country produced in the four quarters between Q4 2010 and Q3 2011.

The average amount owed per UK adult (including mortgages) was £29,543 in November 2011.  This was around 122% of average earnings.

The average outstanding mortgage for the 11.2 million households that carry mortgage debt stood at £110,608 in November.

 

Source:  Credit Action – January 2012 edition

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