The Money Statistics November 2011

£55,795 average household debt (including mortgages)

£174m personal interest paid in UK daily

1,644 people made redundant daily

876,000 unemployed for over 12 months

Every 14.6 minutes a property is repossessed

Every 4.31 minutes someone will be declared insolvent or bankrupt

UK Personal Debt

Total UK personal debt at the end of September 2011 stood at £1,451bn. Individuals owe nearly as much as the entire country produced in the four quarters between Q2 2010 and Q1 2011.

Total secured lending on dwellings at the end of September 2011 stood at £1,242bn.

Total consumer credit lending to individuals at the end of September 2011 was £209bn.

Net lending in September 2011 rose by £1.0bn; net secured lending increased by £0.3bn in the month; net consumer credit lending increased by £0.6bn.

UK banks and building societies wrote off £8.0bn of loans to individuals in the 4 quarters to end Q2 2011. In Q2 2011 they wrote off £2.06bn (£1.15bn of that was credit card debt). This amounts to a write-off of £22.54m a day.

Average household debt in the UK is ~ £8,025 (excluding mortgages). This figure increases to £15,432 if the average is based on the number of households who actually have some form of unsecured loan.

Average household debt in the UK is ~ £55,795 (including mortgages).

Average owed by every UK adult is ~ £29,532 (including mortgages). This is 122% of average earnings.

Average outstanding mortgage for the 11.3m households who currently have mortgages now stands at ~ £109,643.

Britain’s interest repayments on personal debt were £63.4bn in the last 12 months. The average interest paid by each household on their total debt is approximately £2,440 each year.

Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,247 per average UK adult at the end of September 2011.

The Office for Budget Responsibility (OBR) predicts that household debt will be £2,126bn by the end of 2015. This would take the average household debt to £81,769 per household (if the figure is based on the current estimate for the number of UK households).

Everyday in the UK

334 people every day of the year will be declared insolvent or bankrupt. This is equivalent to 1 person every 59 seconds during a working day.

1,391 Consumer County Court Judgements (CCJs) were issued every day during Q2 2011 and the average judgement amount was £3,345.

Citizen Advice Bureaux dealt with 8,910 new debt problems every working day in England and Wales during the year ending June 2011.

The average cost of raising a child from birth to the age of 21 is £27.50 a day.

99 properties were repossessed every day during Q2 2011

132 new people became unemployed for more than 12 months every day during the 12 months to end August 2011

1,644 people reported they had become redundant every day during 3 months to end August 2011

£130,700,000 is the amount that the Government Public Sector Net Debt (PSDN), including financial interventions, will grow today (equivalent to £1,513 per second).

£132,050,000 is the interest the Government has to pay each day on the UKs net debt of £2278.6bn (which includes financial interventions). This is estimated to rise to £182m a day in 2015-16.

197 mortgage possession claims will be issued and 154 mortgage possession orders will be made today

383 landlord possession claims will be issued and 258 landlord possession orders will be made today.

The UK population is projected to grow by 1,205 people a day over the next decade

25.2m plastic card purchase transactions will be made today with a total value of £1.278bn.

8.0m cash withdrawals will be made today with a total value of £530m

The average car will cost £16.08 to run today

It costs £67.25 on average to fill a car with a 50 litre tank with unleaded petrol.