William Eichler 20 September 2017

One in six people live with ‘problem debt’

Over eight million people in the UK are living with ‘problem debt’, warns advice service.

This year’s annual report from the Money Advice Service and CACI revealed that 8.3 million (15.9%) people in the UK are living with a debt problem – the figures show a moderate increase from figures released in 2016 (15.4%).

The report defines those living with problem debt — ‘over-indebted individuals’ — as those who are likely to find meeting monthly bills a ‘heavy burden' and/or those missing more than three bill payments within a six-month period.

Newham in East London are estimated to have higher levels of over-indebtedness compared to anywhere else in the UK. This was followed by Tower Hamlets, London (22.7%) and Sandwell, West Midlands (22.1%).

People in East Dorset (9.7%), Mole Valley, Surrey (9.9%) and Chiltern, Buckinghamshire (9.9%) are reported to have the lowest proportion of over-indebted residents in the UK.

The top two over-indebted regions in the UK are the North East (17.7%) and Wales (17.7%), followed closely by London (17.2%) and the North West (16.9%).

‘This research tells us that one in six people in the UK have financial worries, a figure that stands at over 8.3 million,’ said Sheila Wheeler, director of debt at the Money Advice Service.

‘Debt is a complex challenge and one that needs a collaborative approach if we are to successfully address it.’

SIGN UP
For your free daily news bulletin
Highways jobs

Activites Assistants (CASUAL)

Durham County Council
£24,404 (12.65 p.a. hour) - £25,183 (£13.05 p.a. hour)
This is an exciting opportunity for Casual Activities Assistants to join our Leisure and Sport Service.   Leisure Centres are
Recuriter: Durham County Council

Pension Administration Officer

Durham County Council
£24,404 to £25,183 p.a. (Grade 3) Pay award pending
A vacancy has arisen within Pension Services for an Administration Officer to provide admin and data support to the pensions team and members of the L Durham
Recuriter: Durham County Council

County Attendance Officer

Oxfordshire County Council
£37035 - £39513
We are seeking to recruit to the role of County Attendance Officer on a permanent basis to work predominately across the North or the South of the county. The team works across the whole of Oxfordshire so flexibility to work in other areas is also require County Hall, Oxford
Recuriter: Oxfordshire County Council

Software Engineer Starter

West Northamptonshire Council
£26914
We're looking for an exceptional human to join our digital team to learn the skills and put them into practice, designing, developing and maintaining websites, mobile apps & AI. You'll join us on our journey as we create better end-to-end services for our Northampton
Recuriter: West Northamptonshire Council

Executive Director - Growth, Enterprise and Environment

Redcar & Cleveland Borough Council
£139,111.00 (pay award pending)
This is a chance to make a significant difference to the lives of families across our borough – and to seriously improve your quality of life. Redcar and Cleveland House, Kirkleatham Street, Redcar, TS10 1RT
Recuriter: Redcar & Cleveland Borough Council
Linkedin Banner