Debt
Key points
- In 2008, levels of unsecured debt in London were similar to those elsewhere in the country. Around 50% of London's households have unsecured loans, and, among these households, the total amounts borrowed are equivalent to an average of 15% of annual income.
- In 2008, a higher proportion of households in London were in arrears with their bills than in any other region in England - 8% of households (230,000 households) are behind with at least one bill, half of them owing more than £500.
Find out more about Debt by visiting the indicators in this section, listed on the right.
This section includes households struggling to pay bills and people needing debt advice. Find out more about debt by visiting the indicators listed on the right.
See also household repossessions as an indicator of households struggling with debt.
NB: It is not possible to analyse the trends over time in personal and household debts as the underlying data comes from a newly published survey that did not exist before 2006.