Bankruptcy is spiking among UK borrowers – but there are debt relief options if you are struggling financially
- Written by Alper Kara, Professor of Banking and Finance, Brunel University London
SB Arts Media/ShutterstockUK households have one of the highest debt levels in the world. Steadily increasing in the last two decades, the average total debt per household (including mortgages) is £65,619 as of August 2023. This is £34,644 per adult, or around 103.5% of average earnings.
As indebtedness has steadily increased over the...
