We have been producing our must read summary of UK’s money situation since 2005. The latest UK money statistics from the Money Charity can be found below. And you can find the archive here.

The Money Statistics April 2018

340,000 The increase since last year in households with no savings

3.9% The drop in unemployment amongst 18-24 year olds on last quarter (reaching its lowest since 2004)

£1.9bn The increase in consumer credit debt since last month

45% The amount of working age adults actively participating in a pension in 2016/17

£1,169.92 The increase in the amount of debt owed per adult in the UK since last year

£3.67 The amount per day spent on water, gas and electricity by a UK household

£45m The fall in Public Sector Net Debt per day in 2018

£1,868 The average annual interest repayment per household

£227,871 The average house price in March according to Halifax (highest price since records began)

UK Personal Debt

People in the UK owed £1.578 trillion at the end of February 2018.

This is up from £1.53 trillion at the end of February 2017– an extra £1,169.92 per UK adult.

The average total debt per household – including mortgages – was £58,119 in February.

Per adult in the UK that’s an average debt of £30,537 in February – around 114.2% of average earnings.

Based on February 2018 trends, the UK’s total interest repayments on personal debt over a 12 month period would have been £50,764 billion.

That’s an average of £139 million per day.

This means that households in the UK would have paid an average of £1,866 in annual interest repayments. Per person that’s £981 3.67% of average earnings.

According to the Office for Budget Responsibility’s March 2018 forecast, household debt is predicted to reach £2.296 trillion in Q1 2022.

This makes the average household debt £84,412 (assuming that the number of households in the UK remained the same between now and then).

Outstanding consumer credit lending was £209.4 billion at the end of February 2018, up £1.9bn from January.

This is up from £196 billion at the end of February 2017, and is an increase of £291.71 for every adult in the UK.

Per household, that’s an average consumer credit debt of £7,699 in February.

That’s an extra £555.18 extra per household over the year.

It also means the average consumer credit borrowing stood at £4,045 per UK adult. This is up from a revised £4,009 in January.

Total credit card debt in February 2018 was £70.84bn. Per household this is £2,604.

For a credit card bearing the average interest, it would take 26 years and 4 months to repay if you made only the minimum repayment each month.

The minimum repayment in the first month would be £63 but reduces each month. If you paid £62 every month, the debt would be cleared in around 5 years and 4 months.

Total net lending to individuals by UK banks and building societies rose by £0.6 billion in February 2018– or £16.4m a day.

Everyday in the UK

The population of the UK grew by an estimated 1,474 people a day between 2015 and 2016.

On average, a UK household spends £3.67 a day on water, electricity and gas.

276 people a day are declared insolvent or bankrupt. This is equivalent to one person every 6 minutes and 13 seconds.

Cash machines were used an average of 94 times a second across the UK.

3,118 Consumer County Court Judgements (CCJs) were issued every day in 2017, with an average value of £1,493.

Citizens Advice Bureaux in England and Wales dealt with 4,199 new debt problems every day during February 2017.

18 properties are repossessed every day, or one every 1 hour and 17 minutes.

The number of mortgages with arrears of over 2.5% of the remaining balance fell by 16 a day.

The number of people unemployed fell by 373 per day from November to January 2018.

1,054 people a day reported they had become redundant between November and January.

Net lending to individuals in the UK increased by £16.4 million a day in February 2018.

The Government debt fell by £45m a day during February 2018.

Borrowers would repay £139 million a day in interest in year, based on February 2017 trends.

It costs an average of £23.61 per day for a couple to raise a child from birth to the age of 18.

This comes to £28.48 per day for a lone parent family.

47 mortgage possession claims and 31 mortgage possession orders are made every day.

339 landlord possession claims and 268 landlord possession orders are made every day.