R3's
personal debt snapshot survey found four in 10 adults were at least fairly worried about their current level of debt, and that the same proportion said they sometimes or often struggle to make it to payday.
DESPERATE families sinking deeper into the red deserve a lifeline when
personal debt has hit a record PS428billion or an average PS15,400 per household.
The club is moving in the right direction though there is still a lot of hard work to do and I have a very
personal debt to chairman Lachlan Cameron.
It comes after figures from the Money Charity revealed Britain's
personal debt mountain -- which includes mortgages - hit [pounds sterling]1.58trillion in May - up from [pounds sterling]1.54trillion a year ago.
Data from the Office for National Statistics has shown that 16-34 year olds in our region have a combined
personal debt of PS3.7 billion.
More than half of people with
personal debt said it was not a problem at all - although 31% said it was somewhat of a burden, and 17% said it was a heavy burden.
Liberal Democrat leader Sir Vince Cable said
personal debt and insolvencies will only get worse if the Bank decides to increase rates next week from record lows of 0.25%.
Pay packets are worth less and less, but bills keep rising, and
personal debt is at crisis levels.
TUC research published earlier this year showed that shrinking pay packets are forcing workers to take on more
personal debt.
According to a UAE individual
personal debt survey, conducted by Souqalmal.com, 76 per cent of borrowers admit to missing a debt repayment in the past, and among those, 75 per cent have missed a repayment within the last 12 months.
The figures, released on Wednesday, show that
personal debt such as credit cards and bank loans grew 10.8% in the year to 30 November 2016 to a total of GBP192.2bn.