UK family debts doubled over the year

Note: This section contains information in English only.
Source: Forexfactory
Debts owed by a typical UK family surged 48% since January last year as increasing inflation rate impacted households' incomes, reported Aviva Family Finances. Average UK family owes about 7,944 Pounds in unsecured borrowings on loans, credit cards and overdrafts as compared to 5,360 Pounds in January last year. The debts represent over 32% of the overall net annual income and imply that families owe more debts as financial pressure increases.

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