When Is Household Debt A Problem?

Recent years have seen growing concern about the amount of unsecured debt held by UK households. On the Bank of England’s measure, the total size of this sort of debt – which includes credit card debt, unsecured loans from banks, and car finance debt – has been growing at around 10% per year in last few years, and now stands at over £200 billion. Lots of this debt is held by a relatively small group of households – 10% of households have debts of £10,000 or mo