How does your household debt compare to the UK average?
So, have you heard about the rising levels of debt in the UK? It’s definitely something to be aware of, as it can affect all of us in one way or another. Basically, people and households are taking on more and more borrowing to cover expenses and make purchases. And according to the Office for National Statistics, the average household debt in the UK was £15,400 as of September 2021. That includes all forms of debt, like mortgages, credit card debt, and loans.