Tuesday, 2 August 2011

Credit Action Debt Statistics

New debt statistics have been released by creditaction.org.uk and the new stats are as follows;
  • Total UK personal debt at the end of June 2011 stood at £1,451bn. The twelve-month growth rate remained unchanged at 0.8%. Individuals currently owe nearly as much as the entire country produced between Q2 2010 to Q1 2011.
  • Total lending in June 2011 rose by £0.4bn; secured lending decreased by £0.1bn in the month; consumer credit lending increased by £0.4bn (total lending in Jan 2008 grew by £8.4bn).
  • Total secured lending on dwellings at the end of June 2011 stood at £1,241bn. The twelve-month growth rate remained unchanged at 0.7%.
  • Total consumer credit lending to individuals at the end of June 2011 was£210bnThe annual growth rate of consumer credit increased 0.3 percentage points to 1.8%.
  • UK banks and building societies wrote off £9.5bn of loans to individuals in the 4 quarters to end Q1 2011. In Q1 2011 they wrote off £1.89bn (£866m of that was credit card debt). This amounts to a write-off of £20.71m a day.
  • Average household debt in the UK is ~ £8,064 (excluding mortgages). This figure increases to £15,507 if the average is based on the number of households who actually have some form of unsecured loan.
  • Average household debt in the UK is ~ £55,803 (including mortgages)
  • If you add to this the March 2010 budget report figure for public sector net debt (PSND) expected in 2015-16 (excluding financial interventions) then this figure rises to £106,418 per household.
Today in the UK
  • 1,577 Consumer County Court Judgements (CCJs) were issued every day during Q1 2011 and the average judgement amount was £3,118.
  • Citizen Advice Bureaux dealt with 9,072 new debt problems every working day in England and Wales during the year ending March 2011.
  • The average cost of raising a child from birth to the age of 21 is £27.50 a day
  • 100 properties were repossessed every day during Q1 2011
  • 36 new people became unemployed for more than 12 months every day during the 12 months to end May 2011
  • 1,578 people reported they had become redundant every day during 3 months to end May 2011
  • £251,500,000 is the amount that the Government Public Sector Net Debt (PSDN), including financial interventions, will grow today (equivalent to £2,911 per second)
  • £144,660,000 is the interest the Government has to pay each day on the UKs net debt of £2276.0bn (which includes financial interventions). This is estimated to rise to £182m a day in 2015-16
  • 220 mortgage possession claims will be issued and 160 mortgage possession orders will be made today
  • 382 landlord possession claims will be issued and 265 landlord possession orders will be made today
  • The UK population is projected to grow by 1,205 people a day over the next decade
  • 24.1m plastic card purchase transactions will be made today with a total value of £1.182bn.
  • 7.3m cash withdrawals will be made today with a total value of £478m
  • The average car will cost £16.08 to run today
  • It costs £67.80 on average to fill a car with a 50 litre tank with unleaded petrol.

2 comments:

  1. Hi Kuran,

    these numbers are only getting worse unfortunately.

    ReplyDelete