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| May 2006 |
| Debt: A Selection Of Facts And Figures |
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UK PERSONAL DEBT:
The total figure for UK mortgage borrowing will exceed the £1 trillion mark as of the start of May 2006. |
Debit/Credit cards & Personal Loans: 282 plastic transactions took place every second in the UK in 2005!
The Under 30's: Younger people have the highest level of unsecured debt in the UK, with the average person under 30 owing nearly £8,000.
Pension Provision: Over 8 million British workers don’t have any provision for a pension according to a recent report issued by Virgin Money.
Housing Figures: According to figures from the Office of Deputy Prime Minister the average house price in the UK in February 2006 was £183,224 (£191,563 in England).
Housing for 1st Time Buyers: The average house price in the UK in February 2006 for first time buyers is £141,069.
Cost of Bringing up Children: On average parents typically spend £165,668 on raising a child from birth to the age of 21 (approximately £7,889 a year) figures from friendly society Liverpool Victoria's most recent annual Cost of a Child survey.
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