{"id":94823,"date":"2018-07-27T00:01:59","date_gmt":"2018-07-26T17:01:59","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/household-debt-in-uk-worse-than-at-any-time-on-record\/"},"modified":"2018-07-27T14:04:33","modified_gmt":"2018-07-27T07:04:33","slug":"household-debt-in-uk-worse-than-at-any-time-on-record","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/household-debt-in-uk-worse-than-at-any-time-on-record\/","title":{"rendered":"Household debt in UK 'worse than at any time on record'"},"content":{"rendered":"


\nBritish household finances among most indebted in major western countries, ONS saysBritish households spent around \u00a3900 more on average than they received in income during 2017, pushing their finances into deficit for the first time since the credit boom of the 1980s. The Office for National Statistics said the shortfall amounted to nearly \u00a325bn \u2013 equal to almost a quarter of the NHS budget \u2013 and the overspend was mostly paid for with borrowed money, though households also ran down savings. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Household debt in UK ‘worse than at any time on record’<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

British household finances among most indebted in major western countries, ONS saysBritish households spent around...<\/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-94823","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-oFp","jetpack-related-posts":[{"id":71236,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mps-launch-inquiry-into-household-finances-as-200bn-debt-pile-looms\/","url_meta":{"origin":94823,"position":0},"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":4690,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-buyers-need-to-save-for-up-to-24-years-to-get-on-housing-ladder\/","url_meta":{"origin":94823,"position":1},"title":"UK buyers need to save for up to 24 years to get on housing ladder","date":"December 20, 2015","format":false,"excerpt":"\r Resolution Foundation research shows it can now take almost a quarter of a century for UK households to accumulate a big enough depositHomebuyers now have to save for up to 24 years to set aside a deposit large enough to buy them a foot on Britain\u2019s housing ladder, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123715,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mas-cautions-homebuyers-to-exercise-prudence-amid-rise-in-household-debt\/","url_meta":{"origin":94823,"position":2},"title":"MAS cautions homebuyers to exercise prudence amid rise in household debt","date":"December 9, 2021","format":false,"excerpt":"\r MAS cautions homebuyers to exercise prudence amid rise in household debtHousehold debt in Singapore increased between Q4 2019 and Q3 2021, with household debt accounting for 70% of Singapore\u2019s GDP during Q3 2021. With this, the Monetary Authority of Singapore (MAS) urged Singaporeans to exercise prudence when taking on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/HDB-flat-Singapore.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":75333,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/john-mcdonnell-warns-over-alarming-increase-in-uk-household-debt\/","url_meta":{"origin":94823,"position":3},"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":49148,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-households-most-downbeat-about-finances-since-2013\/","url_meta":{"origin":94823,"position":4},"title":"UK households most downbeat about finances since 2013","date":"March 22, 2017","format":false,"excerpt":"\r Consumer spending likely to fall as rising inflation and weak wage growth biteUK households are the most downbeat about their finances since 2013, as families start to feel the pinch from rising inflation and weak wage growth, according to a new survey.This suggests that consumer spending, until now the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/people-in-debt-must-be-given-room-to-breathe-letters\/","url_meta":{"origin":94823,"position":5},"title":"People in debt must be given room to breathe | Letters","date":"November 18, 2016","format":false,"excerpt":"\r Millions of children in the UK are living in families trapped by debt. As charities and organisations who work with, and directly support, households struggling with problem debt, we see the impact this can have on the wellbeing and mental health of parents and children alike.Too often people find\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\/94823"}],"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=94823"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/94823\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=94823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=94823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=94823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}