The Money Statistics November 2013

£54,178 was the average household debt (including mortgages) in September

£163 million was the daily amount of interest paid on personal debt in September

1,447 people were made redundant every day between June and August

900,000 people had been unemployed for over a year between June and August

Every 17 mins 4 sec a property is repossessed

Every 5 mins 3 sec someone is declared insolvent or bankrupt.

UK Personal Debt

Outstanding personal debt stood at £1.428 trillion at the end of September 2013. This is up from £1.422 trillion at the end of September 2012.

Outstanding secured (mortgage) lending stood at £1.269 trillion at the end of September 2013. This is up from £1.264 trillion at the end of September 2012.

Outstanding unsecured (consumer credit) lending stood at £158.7 billion at the end of September 2013. This is up from £157.5 billion at the end of September 2012.

Average household debt in the UK (excluding mortgages) was £6,020 in September. This is up from a revised £6,011 in August.

Average household debt in the UK (including mortgages) was £54,178 in September. This is up from a revised £54,133 in August.

The average amount owed per UK adult (including mortgages) was £28,649 in September. This is up from a revised £28,626 in August and was around 116% of average earnings.

Average consumer borrowing (including credit cards, motor and retail finance deals, overdrafts and unsecured loans) per UK adult was £3,183 in September. This is up from a revised £3,179 in August.

The estimated average outstanding mortgage for the 11.3m households that carry mortgage debt stood at £112,727 in September.

Based on September 2013 trends, the UK’s total interest repayments on personal debt over a 12 month period would have been £59.6 billion. This is equivalent to £163 million per day. This means that UK households would have paid an average of £2,262 in annual interest repayments.

UK Banks and Building Societies wrote-off £3.67 billion of loans to individuals over the four quarters to Q2 2013. In Q2 2013 itself they wrote-off £694 million (of which £371 million was credit card debt) amounting to a daily write-off of £7.61m.

Everyday in the UK

285 people are declared insolvent or bankrupt every day (based on Q3 2013 trends). This is equivalent to one person every 5 minutes 3 seconds.

1,655 Consumer County Court Judgements (CCJs) are issued every day (based on Q3 2013 trends). The average value of a Consumer CCJ in Q3 2013 was £2,383.

Citizens Advice Bureaux in England and Wales dealt with 7,420 new debt problems every working day during the year ending June 2013.

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

84 properties are repossessed every day (based on Q2 2013 trends).

1,447 people a day reported they had become redundant between June and August 2013.

Public Sector Net Borrowing (excluding financial interventions) was £11,072 million in September 2013, meaning that the Government borrowed an average of £369 million per day during the month (equivalent to £4,272 per second).

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

29.1m plastic card purchase transactions were made every day in August 2013 with a total value of £1.427 billion.

It cost £66.10 to fill a 50 litre tank with unleaded petrol in October.