Striking Numbers

• £23.35m  daily write-offs of loans by banks & building societies
• 1,900 people made redundant daily
• Every 51 seconds someone will be declared insolvent or bankrupt (based on working day)
• Every 13.4 minutes a property is repossessed
• 9,562 - Number of new debt problems dealt with by CAB each day
• 772,000 unemployed for > 12 month
• £57,944 - average household debt
• £185m - personal interest paid in UK daily
• £378,100,000 - daily increase in Government national debt (PSDN)  

Today in the UK

• More than a fifth (21%) of UK residents currently in debt are lying to their partner about the amount of cash they owe according to a report from the Post Office.
• The Department for Business, Innovation and Skills estimate that in the UK, one person in ten is struggling to manage his or her debts.
• The average interest rate on credit card lending is currently 18.17%, which is 17.67% above base rate (0.5%).
• There are more credit cards in the UK than people according to APACS. At the end of 2008 there were 71.3m credit and charge cards in the UK compared with around 60 million people in the country.
• The average cost of raising a child from birth to the age of 21 is £26 a day.
• Shelter estimate that more than one million householders have used credit cards to pay their mortgage or rent in the last 12 months.
• 1,000 people are seeking some form of formal debt rescheduling every working day.
• 230,137 unsolicited telephone calls made to UK consumers daily by debt management and personal loan companies
• In the last 12 months consumers saved an average of £2.76 every day
• 2,000 Consumer County Court Judgements (CCJs) were issued every day in the first 3 months of 2009
• 164 young people (18 – 24s) have become a NEET (not in education, employment or training) every day during the last 3 months.
• 203 mortgage possession claims will be issued and 158 mortgage possession orders will be made today
• 363 landlord possession claims will be issued and 238 landlord possession orders will be made today.
• The UK population is projected to grow by 1,178 people a day over the next decade
• 21.9m plastic card purchase transactions will be made today with a total value of £1.115bn.
• 8.2m cash withdrawals will be made today with a total value of £555m
• The average car will cost £15.13 to run today.

Spending

• Research by Santander Cards reveals that the bride and groom aren't the only ones splashing out on the big day, with the average guest spending an astonishing £380 in the run up to and during the day, equating to a national spend of £10.45 billion.
• Figures from moneysupermarket.com show that Britons use an average of 2.4 million discount vouchers for goods and services every day - an increase of 25% on last year.
• The annual survey from insurance and investment group LV= on the Cost of a Child, now in its seventh year, shows that, for the first time, parents are likely to have to shell out more than £201,000 on raising a child from birth to the age of 21. This equates to £9,610 a year, £800 a month or £26 a day.
• Britons believe their average outgoings to be £892 per month. The reality is they're spending £486 more than this at £1378 per month according to the Reality Gap Report, commissioned by Bright Grey. If push came to shove, four in 10 people (43%) think they could use their savings to cover the bills if they lost their income source but the report reveals 38% of the UK's working population could not survive beyond one month on their savings alone.
• The average new family car now costs £5,523 annually to keep on the road, equating to £106 per week or 46p per mile.
• Weddingplan estimates that couples looking to get married in 2010 can expect to pay a huge £21,089 on their big day. 

Source: creditaction.org.uk