Average UK household debt now stands at record £15,400
by Miles Brignall from Economics | The Guardian on (#46D5Z)
Austerity and wage stagnation to blame for 'crisis level' unsecured loans, says TUC
Britain's household debt mountain has reached a new peak, with UK homes now owing an average of 15,385 to credit card firms, banks and other lenders, according to the TUC.
The trade union body said household debt rose sharply in 2018 as years of austerity and wage stagnation forced households to increase their borrowing.
Related: Britain is crippled by record personal debt while the Tories boast of a boom | Maya Goodfellow
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