A debt effect? How is unmanageable debt related to other problems in people’s lives?

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Joe Lane

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In the years after the financial crisis, levels of unsecured personal debt in the UK fell from a historical peak of 23% of disposable income in 2008 to its current level of around 15%. That trend has now started to reverse. Unsecured debt is now growing faster than incomes and faster than secured debt, and the Office of Budget Responsibility (OBR) has forecast PDF the level of unsecured debt to return to pre-crisis levels by the end of the decade. Within wider concerns about the possible impact of a return to such high levels of debt on the economy, there is an ongoing challenge faced by the individuals and families who have unmanageable debt, of managing their financial situation.


Poverty, Household Economics, Debt: Indebtedness, Well Being, Health and Finance


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