Consumers will borrow an additional £318m today
- The average household debt will increase by over £13 today
- 300 people today will be declared insolvent or bankrupt
- Citizen Advice Bureaux will deal with 5,300 debt problems today
- The average car will cost £15 to run today
- Raising a child to the age of 21 will now set you back £23.50 daily
- The price of a typical house will increase by £41 today
- 24.3m transactions worth £1.3bn will be spent on plastic cards today
- £82m will be spent online today
- One third of all groceries we buy today will end up in the dustbin.
Some people say that statistics can be used to prove anything. But when you see statistics like these from Credit Action’s latest report, you cannot help but be struck by the facts!
And here’s another: Britain’s personal debt is increasing by £1million every four minutes.
We are in a battle against debt in our society; a battle we can all play a part in. If you have thoughts and ideas that may help others to get out and stay out of debt, why not share them on this site www.themoneysecret.info? We all need a little help from time to time!
The Money Secret Team
My Nan always taught me to ‘look after the pennies and the pounds look after themselves’. My Dad always kept a copper jar, and encouraged me to do so. The Money Secret book confirmed that if you know where your pennies are going you’ll know where all your money is going.
Anonymous
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