How Covid-19 has affected us financially

The country’s most financially vulnerable are even more worried about money now, because of Covid. Here are some of the latest facts and figures:

1

Average total debt per UK household in UK is £60,935. 2

A credit card, on an average interest rate, would take more than 25 years to repay if you only did minimum payments.

3

In the first three months of 2021, an average of 290 people a day across England and Wales were declared insolvent or bankrupt.

4

Personal debt in the UK swelled by £15.1billion in the pre-pandemic 12 months up to February 2020.

5

An average of 1.5 properties were repossessed every day in the last three months of 2020.