The Money Statistics January 2013

£53,867 was the average household debt (inc. mortgages) in November.

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

1607 people were made redundant every day between August and October.

904,000 people had been unemployed for over a year between August and October.

Every 16 mins 4 secs a property is repossessed.

Every 4 mins 42 secs someone is declared insolvent or bankrupt.

UK Personal Debt

Outstanding personal debt stood at £1.420 trillion at the end of November 2012.

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

Outstanding secured (mortgage) lending stood at £1.244 trillion at the end of November 2011. This is up from £1.239 trillion at the end of November 2010.

Outstanding secured (mortgage) lending stood at £1.264 trillion at the end of November 2012. This is up from £1.244 trillion at the end of November 2011.

Outstanding unsecured (consumer credit) lending stood at £156 billion at the end of November 2012. This is down from £162 billion at the end of November 2011.

Average household debt in the UK (excluding mortgages) was £5,914 in November. This is down from a revised £5,936 in October.

Average household debt in the UK (including mortgages) was £53,867 in November. This is down from a revised £53,906 in October.

The average amount owed per UK adult (including mortgages) was £28,901 in November. This is down from a revised £28,921 in October, 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 £3,173 in November. This is down from a revised £3,185 in October.

The estimated average outstanding mortgage for the 11.3m households that carry mortgage debt stood at £111,534 in November.

Based on November 2012 trends, the UK’s total interest repayments on personal debt over a 12 month period would have been £60.5 billion. This is equivalent to £165 million per day. This means that UK households would have paid an average of £2,297 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).

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).

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

307 people are declared insolvent or bankrupt every day (based on Q3 2012 trends). This is equivalent to one person every 4 minutes 42 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 £28.44 per day to raise a child from birth to the age of 21.

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

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

1,607 people a day reported they had become redundant between August and October 2012.

Public Sector Net Borrowing (excluding financial interventions) was £17.5bn in November, meaning that the Government borrowed an average of £583,333,333 per day during the month (equivalent to £6,752 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.

29.0m plastic card purchase transactions were made every day in October 2012 with a total value of £1.424 billion.

8.8m cash machine transactions were made every day in November with a total value of £346m.

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

It cost £66.15 to fill a 50 litre tank with unleaded petrol in December.