Commenting on social, political, economic and general topics

In the red: households with more debt than money

leave a comment »

Well, my debts far outweigh my assets- mainly because of low-paid part time work while raising my two children as a single parent.

We bailed out the banks, how about Labour committing to bailing out those with personal debt?

Second reading

140708 Households with more debt than money

In 2010-12, half of households (50%) in Great Britain had some kind of financial debt – for example formal borrowing (but not mortgages), overdrafts and arrears on household bills.  About half of these households – a quarter (25%) overall – had debts worth more than their financial assets.  Financial assets can include money held in the home or in bank accounts, savings accounts, stocks and shares, etc.

View original post 179 more words

Written by Smiling Carcass

28/07/2014 at 8:24 PM

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: