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R3 Personal Debt Snapshot, Wave 15

Average indebted British adult owes over £5,500 – R3
  • Equivalent to almost 12 weeks’ average wages
  • 4% of British adults owe over £20,000
The average in-debt British adult* owes £5,534 to their creditors (excluding mortgages and student loans), according to research by insolvency trade body R3.
This figure is equivalent to almost 12 weeks’ average weekly earnings for a UK worker (£481 per week) and seven months’ average rent in England & Wales (£770 per month).
The R3/ComRes poll of 2,000 British adults also found that 4% of British adults owe over £20,000, excluding mortgages and student loans.

*58% of British adults say they have debts (excluding mortgages and student loans)

Date Published: 11/12/2014

Categories: Economy | Finance | Public and communities | UK

Client: Personal Debt Snapshot

Methodology

ComRes interviewed 2,054 GB adults online between the 14th and 16th November 2014. Data were weighted to be representative of all GB adults aged 18+.

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