The Money Statistics February 2013

£53,947 was the average household debt (inc. mortgages) in December.

£165m was the daily amount of interest paid on personal debt in December.

1727 people were made redundant every day between September and November.

892,000 people had been unemployed for over a year between September and November.

Every 16 mins 4 secs a property is repossessed.

Every 5 mins 12 secs someone is declared insolvent or bankrupt.

UK Personal Debt

Outstanding personal debt stood at £1.422 trillion at the end of December 2012.

This is up from £1.406 trillion at the end of December 2011. At the end of December 2012, individuals owed nearly as much as the entire country produced during the whole of 2011.

Outstanding secured (mortgage) lending stood at £1.265 trillion at the end of December 2012. This is up from £1.245 trillion at the end of December 2011.

Outstanding unsecured (consumer credit) lending stood at £157 billion at the end of December 2012. This is down from £160 billion at the end of December 2011.

Average household debt in the UK (excluding mortgages) was £5,946 in December. This is up from a revised £5,914 in November.

Average household debt in the UK (including mortgages) was £53,947 in December. This is up from a revised £53,885 in November.

The average amount owed per UK adult (including mortgages) was £28,944 in December. This is up from a revised £28,910 in November, and was around 117% of average earnings.

Average consumer borrowing (including credit cards, motor and retail finance deals, overdrafts and unsecured loans) per UK adult was £3,190 in December. This is up from £3,173 in November.

The estimated average outstanding mortgage for the 11.3m households that carry mortgage debt stood at £111,645 in December.

Based on December 2012 trends, the UK’s total interest repayments on personal debt over a 12 month period would have been £60.4 billion. This is equivalent to £165 million per day. This means that UK households would have paid an average of £2,294 in annual interest repayments.

The Office for Budget Responsibility (OBR) predicted in December 2012 that total household debt will reach £1.997 trillion in Q1 2018. This would mean that average household debt would reach £75,769 (assuming that the number of households in the UK remained the same between now and Q1 2018).

Net lending by UK Banks and Building Societies rose by £1.7 billion in total in December 2012. Net secured lending rose by £1.0 billion in the month. Net consumer credit lending rose by £0.6 billion.

UK Banks and Building Societies wrote-off £5.0 billion of loans to individuals over the 4 quarters to Q3 2012. In Q3 2012 itself they wrote-off £1.04 billion (of which £473 million was credit card debt) amounting to a daily write-off of £11.38m.

Everyday in the UK

277 people are declared insolvent or bankrupt every day (based on Q4 2012 trends). This is equivalent to one person every 5 minutes 12 seconds.

1,556 Consumer County Court Judgements (CCJs) are issued every day (based on Q3 2012 trends). The average value of a Consumer CCJ in Q3 2012 was £2,646.

Citizens Advice Bureaux in England and Wales dealt with 8,308 new debt problems every working day during the year ending September 2012.

It costs an average of £29.02 per day to raise a child from birth to the age of 21.

90 properties are repossessed every day (based on Q3 2012 trends).

90 new people a day became unemployed for over 12 months during the year ending November 2012.

1,727 people a day reported they had become redundant between September and November 2012.

Public Sector Net Borrowing (excluding financial interventions) was £15.4bn in December, meaning that the Government borrowed an average of £496,774,194 per day during the month (equivalent to £5,750 per second).

155 mortgage possession claims are issued and 111 mortgage possession orders are made every day.

426 landlord possession claims are issued and 281 landlord possession orders are made every day.

The UK population is growing by an estimated 1,342 people a day.

28.6m plastic card purchase transactions were made every day in November 2012 with a total value of £1.389 billion.

8.4m cash machine transactions were made every day in December with a total value of £357m.

The average new car costs £18.33 per day to run.

It cost £66.05 to fill a 50 litre tank with unleaded petrol in January.