TUC: household debt for average family now more than £14,000

Median wages still languishing 20 a week below pre-financial crash levels, according to ONS

Household debt soared by a third to record levels in the past decade as workers struggled to cope with the impact of a prolonged squeeze on wages, a new report has said.

TUC analysis found that the average non-mortgage debt of a working family had hit 14,200 through an increased reliance on credit cards, bank loans, payday lending and other unsecured forms of borrowing.