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Household debt


Taking on debt is one way in which households can support current living standards, and households’ debt levels determine their exposure to economic fluctuations and the costs they face in terms of debt servicing. Our work looks at the levels of different categories of debt across Britain’s households, the riskiness of this position, and how these have changed over time.

Contacts

Jack Leslie

Jack Leslie

Research and Policy Analyst
E: jack.leslie@resolutionfoundation.org
Publications

Rainy days

An audit of household wealth and the initial effects of the coronavirus crisis on saving and spending in Great Britain

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Families in Great Britain are faced with the most severe economic contraction in more than 100 years. Much of the immediate focus among policy makers has been on the size…
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Events

Weathering the storm

How wealth shapes the ability of families to face this economic crisis

Individual wealth has grown significantly in recent decades, increasing from three- to nearly seven-times GDP since the 1980s. However, neither policy nor politics have kept pace with the scale of…
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Publications

An outstanding balance?

Inequalities in the use – and burden – of consumer credit in the UK

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As the 2010s drew to a close, both policymakers and the press raised concerns about rising levels of UK household debt, with some warning it could soon bring about the…
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Publications

An unhealthy interest? Debt distress and the consequences of raising rates

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Consumer borrowing has been surging over recent months, raising fears that we are storing up more debt-fuelled problems for tomorrow. This note digs into the numbers and focuses on who…
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Comment

The Bank has increased borrowing costs, but is personal debt bubbling over?

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Following a period of double digit growth in consumer credit over the last year or so, there have been some concerns about the reappearance of a debt bubble in the…
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Comment

Time to put away the credit card

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The squeeze is on. National accounts data last month confirmed that household incomes have been falling for the last three quarters. Yesterday’s labour market statistics showed that wages continue to…
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Comment

Time for a re-rewind on debt?

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Just like Craig David, debt made something of a comeback in 2016. Having peaked at 160 per cent on the eve of the 2008 financial crisis, household debt as a…
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Comment

Consumer borrowing is up. But will it last, and should we be concerned?

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Consumer borrowing is increasing at its fastest rate in 11 years. As the chart below shows, outstanding debts (excluding mortgages and student loans) rose by 10.8 per cent in November…
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