The Money Statistics May 2014

£54,546 was the average household debt (including mortgages) in March

£161 million was the daily amount of interest paid on personal debt in March

6,706 debt problems were dealt with by the CAB each working day over the year to December

1,300 people were made redundant every day between November and January

807,000 people had been unemployed for over a year between December and February

£10.6 million of loans are written-off daily by UK Banks and Building Societies (based on Q4 2013 trends)

Every 18 min 11 sec a property is repossessed (based on Q4 2013 trends)

Every 5 min 12 sec someone is declared insolvent or bankrupt (based on Q1 2014 trends)

£1.645 billion was the daily value of all purchases made using plastic cards in February

UK Personal Debt

Outstanding personal debt stood at £1.441 trillion at the end of March 2014. This is up from £1.424 trillion at the end of March 2013.

Outstanding secured (mortgage) lending stood at £1.281 trillion at the end of March. This is up from £1.268 trillion at the end of March 2013.

Outstanding unsecured (consumer credit) lending stood at £159.8 billion at the end of March 2014. This is up from £156.3 billion at the end of March 2013.

Average household debt in the UK (excluding mortgages) was £6,048 in March. This is up from a revised £6,020 in February.

Average household debt in the UK (including mortgages) was £54,546 in March. This is up from a revised £54,434 in February.

The average amount owed per UK adult (including mortgages) was £28,712 in March. This is up from a revised £28,653 in February and was around 115% of average earnings.

Average consumer borrowing (including credit cards, motor and retail finance deals, overdrafts and unsecured loans) per UK adult was £3,184 in March. This is up from a revised £3,169 in February.

The estimated average outstanding mortgage for the 11.2m households that carry mortgage debt stood at £114,520 in March.

Based on March 2014 trends, the UK’s total interest repayments on personal debt over a 12 month period would have been £58.7 billion. This is equivalent to £161 million per day. This means that UK households would have paid an average of £2,222 in annual interest repayments.

The Office for Budget Responsibility (OBR) predicted in March 2014 that total household debt will reach £2.251 trillion in Q1 2019. This would mean that average household debt would reach £85,220 (assuming that the number of households in the UK remained the same between now and Q1 2019).

Total net lending to individuals by UK Banks and Building Societies rose by £2.9 billion in March 2014. Net secured lending rose by £1.8 billion in the month; net consumer credit lending rose by £1.1 billion.

UK Banks and Building Societies wrote-off £3.61 billion of loans to individuals over the four quarters to Q4 2013. In Q4 2013 itself they wrote-off £971 million (of which £560 million was credit card debt) amounting to a daily write-off of £10.6 million.

Everyday in the UK

277 people are declared insolvent or bankrupt every day (based on Q1 2014 trends). This is equivalent to one person every 5 minutes 12 seconds.

1,537 Consumer County Court Judgements (CCJs) are issued every day (based on Q4 2013 trends). The average value of a Consumer CCJ in Q4 2013 was £2,531.

Citizens Advice Bureaux in England and Wales dealt with 6,706 new debt problems every working day during the year ending December 2013.

It costs an average of £29.65 per day to raise a child from birth to the age of 21.

79 properties are repossessed every day (based on Q4 2013 trends).

The number of people unemployed for over 12 months during the year ending February 2014 fell by 255 per day.

1,300 people a day reported they had become redundant between December and February.

Public Sector Net Borrowing (excluding financial interventions) was £6,693 million in March 2014, meaning that the Government borrowed an average of £216 million per day during the month (equivalent to £2,499 per second).

133 mortgage possession claims are issued and 103 mortgage possession orders are made every day.

483 landlord possession claims are issued and 354 landlord possession orders are made every day.

The UK population grew by 1,123 people a day between 2001 and 2011.

34.2 million plastic card purchase transactions were made every day in February 2014 with a total value of £1.645 billion.

8.82m cash machine transactions were made every day in March with a total value of £354m.

A new car in the £13,000 – £18,000 price bracket travelling 10,000 miles per year costs £14.14 per day to run

It cost £64.87 to fill a 50 litre tank with unleaded petrol in April.