UK personal debt just keeps rising

“The only sure things are death and taxes” – or words to that effect – might be quite accurate, but for most adults in the civilized world another sure thing could be added, and that is debt. Most of us owe a little or a lot of money at some point in our lives, and that’s perfectly acceptable up to a point.

According to the UK

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Less than 10% of UK adults have never been in debt

A recent study about debt of people in the UK has shown that most adults in the country now have some form of debt and it is expected that around 30 percent of these people are going to remain in debt for an indefinite period. It is estimated that fewer than 10 percent of adults who are aged over 30 have never owed any money

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