BRITS are hiding PS13billion worth of
personal debt from friends, family and even their partners.
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.
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.
The figures, released on Wednesday, show that
personal debt such as credit cards and bank loans grew 10.
Unfortunately the suggestion was made you might be able to deal with the pressure by taking cocaine, you became addicted and as a result got into significant
personal debt as well as debts to a drug dealer.
With 62 of UK adults admitting they currently have some form of unsecured borrowing (such as a credit card, personal loan or overdraft),
personal debt has grown year on year.
ISLAMABAD -- The British public are piling up new
personal debt at the fastest rate in seven years, with borrowing hitting more than 1.
Credit Suisse defined a country's net wealth as the sum of its population's marketable value of financial and non-financial assets, subtracting aggregate
personal debt, with non-financial assets including mainly real estate holdings.
As the number of people carrying debt has increased, the average
personal debt (non-mortgage) reached $15,920 in 2013 (up from $13,141 in 2012).
UAE residents can't afford to increase their growing levels of
personal debt much further, a leading business school professor has warned.
