Consumer debt hit an all-time high last year

[Yazar]

But the Tory fanboys will continue to ignore what is behind this unbalanced economic 'recovery' and gaze lovingly upon the Osbourne posters lining their bedroom walls.

http://www.cityam.com/212163/borrowers-more-expose...

[Yazar]

Chimune said:

Explains that half is the added student loans.

Half is not student debt The total debt went up 9% last year- half of this 9% was student debt not half the £238 Billion. Your 'half' is 9 billion.

Read the PWC Report:

-While borrowers sought to reduce their debts in the years following the financial crisis, this period of retrenchment has now ended:
- people aged between 35 and 44 are increasingly depending on credit to be able to afford essential items, with close to one in five people in this age group saying they borrow simply to make ends meet.
- there is a danger of complacency as people’s confidence in their ability to stay on top of their debts increases.
- The average credit card balance stood at £1,021 by the end of 2014

http://www.pwc.co.uk/financial-services/publicatio...

Edited by Yazar on Monday 23 March 11:10