PERSONAL DEBT - Feeling you are struggling, you are not alone. Average personal debt in the UK has more than doubled in the last 12 months to over £25,000 per person, new data has revealed.
The exclusive figures have been reported in money.co.uk’s annual debt index, following extensive research by the comparison site into household debt across the UK.
Experts say the drastic increase in 2021 is due largely to the ongoing strain of COVID-19, in addition to a recent increase in living expenses.
Key findings within the report include…
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