Generation debt: UK ‘below average’ at teaching financial literacy

Personal debt has reached record levels in the UK. Latest statistics show that people in the UK owe £1.58 trillion. This is up from £1.53 trillion in 2017. This means on average that each adult owes an extra £1,169.92 in 2018 compared with 2017. The findings also show that the average total debt per household – including mortgages – is just over £58,000. More...