{"id":3567,"date":"2015-03-23T07:01:04","date_gmt":"2015-03-23T00:01:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-uk-household-to-be-10000-in-debt-by-end-of-2016\/"},"modified":"2016-02-03T16:01:13","modified_gmt":"2016-02-03T09:01:13","slug":"average-uk-household-to-be-10000-in-debt-by-end-of-2016","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-uk-household-to-be-10000-in-debt-by-end-of-2016\/","title":{"rendered":"Average UK household to be \u00a310,000 in debt by end of 2016"},"content":{"rendered":"


\nReport warns that people\u2019s complacency over their ability to manage their borrowing could lead to resurgence in bad debtThe average UK household will owe close to \u00a310,000 in debts such as personal loans, credit cards and overdrafts by the end of 2016, which is a new high in cash terms, a report has found. Total outstanding non-mortgage borrowing grew by nearly \u00a320bn or 9% in 2014, to reach \u00a3239bn, marking the fastest rate of growth in a decade, according to the report from PwC, Precious Plastic: How Britons Fell Back in Love With Borrowing. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Average UK household to be \u00a310,000 in debt by end of 2016<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Report warns that people\u2019s complacency over their ability to manage their borrowing could lead to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-3567","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-Vx","jetpack-related-posts":[{"id":75333,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/john-mcdonnell-warns-over-alarming-increase-in-uk-household-debt\/","url_meta":{"origin":3567,"position":0},"title":"John McDonnell warns over 'alarming increase' in UK household debt","date":"December 27, 2017","format":false,"excerpt":"\r Labour analysis finds unsecured borrowing could exceed \u00a319,000 per household by end of parliamentJohn McDonnell has said the UK is in the grip of a household debt crisis with levels of unsecured borrowing predicted to hit a record of \u00a319,000 per household by the end of this parliament.The shadow\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66814,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/whats-your-experience-of-being-in-debt\/","url_meta":{"origin":3567,"position":1},"title":"What's your experience of being in debt?","date":"September 19, 2017","format":false,"excerpt":"\r The average UK household now owes \u00a314,000. We\u2019d like you to share your experiences of borrowingBritain\u2019s borrowing is worsening as new data shows there are now more than 8.3 million people in the UK with problem debts.The debt charity StepChange said the percentage of its clients falling behind on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71236,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mps-launch-inquiry-into-household-finances-as-200bn-debt-pile-looms\/","url_meta":{"origin":3567,"position":2},"title":"MPs launch inquiry into household finances as \u00a3200bn debt pile looms","date":"November 8, 2017","format":false,"excerpt":"\r Treasury select committee, chaired by Nicky Morgan, will look at borrowing and whether consumers are saving adequatelyMPs have launched a formal inquiry into household finances, as personal debt hits levels unseen since the financial crisis. The Treasury select committee will examine the debt levels of UK households as well\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148746,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-debt-market-sell-off-threatens-to-push-up-mortgage-costs\/","url_meta":{"origin":3567,"position":3},"title":"UK debt market sell-off threatens to push up mortgage costs","date":"January 10, 2025","format":false,"excerpt":"\r About 700,000 homeowners face increase when fixed-rate deals end this yearBusiness live \u2013 latest updatesAbout 700,000 homeowners are facing an increase in mortgage costs when their fixed-rate deals end this year, as a sell-off in the UK government debt market plunges the financial markets into turmoil and threatens to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36760,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rise-in-consumer-borrowing-is-fastest-since-pre-crisis-says-bank-of-england\/","url_meta":{"origin":3567,"position":4},"title":"Rise in consumer borrowing is fastest since pre-crisis, says Bank of England","date":"January 4, 2016","format":false,"excerpt":"\r Figures show consumer credit rose by 8.3% in the year to November, with borrowing on credit cards up by \u00a3411mConsumer borrowing on credit cards, loans and overdrafts is growing at its fastest rate since before the financial crisis, according to Bank of England figures that brought further warnings over\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63636,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-uk-debt-tide-is-rising-how-can-you-avoid-drowning\/","url_meta":{"origin":3567,"position":5},"title":"The UK debt tide is rising \u2013 how can you avoid drowning?","date":"August 14, 2017","format":false,"excerpt":"\r With total household borrowing now topping \u00a3200bn, we looks at options for those who find themselves in difficultiesCampaigners have long warned of the problem and it is now official: Britain has a growing debt problem at levels not seen since the global financial crisis almost a decade ago.Borrowing through\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/3567"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=3567"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/3567\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=3567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=3567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=3567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}