Sadly this was the last one ever of this report..
Summary
Published by The Money Charity, this report provides a monthly overview of UK personal debt, spending, and savings, offering insights into financial pressures amidst rising costs and economic challenges. The statistics cover topics such as inflation, debt trends, housing affordability, and financial well-being, serving as a resource for policymakers, financial institutions, and consumers.
Key Take Aways
Inflation Rate: 2.3% in the year to October 2024.
Personal Debt: UK personal debt stands at £1.871 trillion, with average household debt of £65,865.
Consumer Credit: Credit card debt has risen to £72 billion, with APR rates averaging 24.55%.
Housing Market: The average UK house price increased by 4.8% year-on-year to £298,083.
Rent Increases: Private rents rose 8.7% over the past year, with the median rent in London at £2,172 per month.
Energy Costs: Households spend £5.20 per day on utilities, up by 1.57% from the previous yea...
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