Here is an overview of The Money Charity’s latest statistics for March 2018:

Personal debt in the UK
  • People in the UK owed £1.576 trillion at the end of January 2018. This is up from £1.52 trillion at the end of January 2017– an extra £1,077.51 per UK adult.
  • Per adult in the UK that’s an average debt of £30,455 in January – around 114% of average earnings. This is slightly up from a revised £30,380 a month earlier.
  • Outstanding consumer credit lending was £207.5 billion at the end of January 2018.
  • Citizens Advice Bureaux across England and Wales dealt with 577,486 issues in January 2017.
  • Debt was the second largest advice category (behind benefits and tax credits) with 138,735 issues. This is up 3% on the same month last year. Debt issues represented 26% of all problems dealt with over the period

Spending and Loans

  • Data from LINK shows that, on average, 95 cash machine transactions (including balance enquiries and rejected transactions) were made every second in December 2017.
  • The average APR for a £5,000 personal loan is 8.33%, according to the Bank of England. For a £10,000 loan it’s 3.85%, while the average rate for an overdraft is 19.71%.
  • An average of £22,222 was spent every second using debit and credit cards in October.

Mortgages rent and housing

  • Data from LINK shows that, on average, 83 cash machine transactions (including balance enquiries and rejected transactions) were made every second in February 2018
  • The average APR for a £5,000 personal loan is 8.33%, according to the Bank of England. For a £10,000 loan it’s 3.85%, while the average rate for an overdraft is 19.72%.
  • An average of £21,953 was spent every second using debit and credit cards in Q3.
  • It cost an average of £23.61 a day for a couple family to raise a child to the age of 18.
  • It cost an average of £28.48 a day for a lone parent family.

The full report can be found here.