Jump to content

File:Household debt in Great Britain 2008-10.png

Page contents not supported in other languages.
This is a file from the Wikimedia Commons
From Wikipedia, the free encyclopedia

Original file (620 × 893 pixels, file size: 124 KB, MIME type: image/png)

Summary

Description
English: Total household debt in Great Britain rose between 2006/08 and 2008/10, both financial debt and property debt increased during this period.

In 2008/10, total household debt in Great Britain was an estimated £943 billion, according to data from the Office for National Statistics’ Wealth and Assets Survey. Of this debt, £95 billion – or 10.2% – comprised financial liabilities, such as outstanding credit card balances and loans. The remaining £848 billion (89.8%) comprised property liabilities that arise from mortgages held against a household’s main residence.

The value of both financial and property debt increased between 2006/08 and 2008/10 in cash terms; financial debt by 10.3% and property debt by 3.1%. However, while the percentage of households with financial debt increased by 1.1 percentage points to 51.0% over the two years, the percentage of households with property debt fell by 0.9 percentage points to 37.3%. Half of the households with financial debt owed more than £3,200. Of the households with property debt, half owed more than £75,000.

The household type with the largest percentage having financial liabilities was ‘lone parent with dependent children’ (73.7%). ‘Married/cohabiting couples with dependent children’ was the household type that had the highest percentage with property liabilities (67.6%).

Meanwhile, households headed by a person age 25-34 had the highest percentage with financial debt (73.9%). For property debt, households headed by a person age 35-44 had the highest percentage with liabilities (60.8%).

A household’s wealth may influence the extent to which it feels its debt is a burden. The burden caused by such debts is important to study. Despite property debt increasing by 3.1% between 2006/08 and 2008/10, the percentage of individuals reporting that their property debt was a heavy burden decreased by 1.6 percentage points to 13.6% in 2008/10.

During the same period, the percentage of individuals reporting that their financial debt repayments were a heavy burden increased by 1.8 percentage points to 18.0%.

http://www.ons.gov.uk/ons/rel/was/wealth-in-great-britain-wave-2/the-burden-of-property-debt-in-great-britain/sty-household-debt--for-theme-page-.html
Date
Source Office for National Statistics
Author Office for National Statistics

Licensing

Royal Coat of Arms of the United Kingdom
This file is licensed under the Open Government Licence version 1.0 (OGL v1.0).
You are free to:
  • copy, publish, distribute and transmit the Information;
  • adapt the Information;
  • exploit the Information commercially for example, by combining it with other Information, or by including it in your own product or application.
You must, where you do any of the above:
  • acknowledge the source of the Information by including any attribution statement specified by the Information Provider(s) and, where possible, provide a link to this licence;
  • ensure that you do not use the Information in a way that suggests any official status or that the Information Provider endorses you or your use of the Information;
  • ensure that you do not mislead others or misrepresent the Information or its source;
  • ensure that your use of the Information does not breach the Data Protection Act 1998 or the Privacy and Electronic Communications (EC Directive) Regulations 2003.

See the Open Government Licence page on Meta-Wiki for more information.

Captions

Add a one-line explanation of what this file represents

Items portrayed in this file

depicts

inception

8 May 2014

File history

Click on a date/time to view the file as it appeared at that time.

Date/TimeThumbnailDimensionsUserComment
current15:45, 8 May 2014Thumbnail for version as of 15:45, 8 May 2014620 × 893 (124 KB)JulietBlomfieldUser created page with UploadWizard

The following page uses this file:

Global file usage

The following other wikis use this file:

Metadata

This file contains additional information, probably added from the digital camera or scanner used to create or digitize it.

If the file has been modified from its original state, some details may not fully reflect the modified file.

Retrieved from "https://en.wikipedia.org/wiki/File:Household_debt_in_Great_Britain_2008-10.png"