United Kingdom: distribution of individuals with personal debt 2019-2022, by reason

Published by
Fernando de Querol Cumbrera,
Apr 5, 2023
In 2022, the most common reason for having personal debt by people seeking financial advice in the United Kingdom (UK) was lack of control over finances. According to the figures, 15 percent of clients who sought debt counseling with the UK charity StepChange had debt problems because of the increase in the cost of living. Personal debt is defined as a financial obligation owed by an individual or a household.

Distribution of people who sought debt advice in the United Kingdom (UK) from 2019 to 2022, by reason for debt

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Release date

March 2023

Region

United Kingdom

Survey time period

2019 to 2022

Number of respondents

187,278 clients

Special properties

Clients of StepChange

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Overview

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Multi-person households

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Working multi-person households

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Housing loans

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Multiple debt

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