Financial ‘ crunch point’ at 35

The age of 35 is the financial “cr u n c h po i n t ” – th e pe a k time at which Brits are most likely to be juggling the cost of young children with mortgages and loan repayments for cars, holidays and weddings, a report has claimed.

The report, from Moneysupermarket. com, analysed 2.7 million credit card and loan inquiries to build a picture of th e n a t i o n’s ke yb o r r ow in g milestones.

I t fo u n d th a t th e ave ra g e Br i t i s h bo r r o we r wi l l o we £ 309,000 over their lifetime, including £ 111,000 in interest, should they buy a house at the average price, get a st udent loan, live with credit card for a decade and take out personal loans for a new car and a holiday abroad.