Debts can be formed in a number of ways. The most common forms of debt for households include credit cards, medical debt, student loans, overdrafts, mortgages, automobile financing and personal loans.
The total value of debt (liabilities and loans) in the United Kingdom (UK) increased steadily since 2000, reaching a total value of nearly 1.3 trillion British pounds by the end of 2020.
Total value of household debt in the United Kingdom (UK) from 2000 to 2020
(in million GBP)
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House of Commons. (June 30, 2021). Total value of household debt in the United Kingdom (UK) from 2000 to 2020 (in million GBP) [Graph]. In Statista. Retrieved May 27, 2022, from https://www.statista.com/statistics/1073541/total-value-of-household-debt-in-the-united-kingdom/
House of Commons. "Total value of household debt in the United Kingdom (UK) from 2000 to 2020 (in million GBP)." Chart. June 30, 2021. Statista. Accessed May 27, 2022. https://www.statista.com/statistics/1073541/total-value-of-household-debt-in-the-united-kingdom/
House of Commons. (2021). Total value of household debt in the United Kingdom (UK) from 2000 to 2020 (in million GBP). Statista. Statista Inc.. Accessed: May 27, 2022. https://www.statista.com/statistics/1073541/total-value-of-household-debt-in-the-united-kingdom/
House of Commons. "Total Value of Household Debt in The United Kingdom (Uk) from 2000 to 2020 (in Million Gbp)." Statista, Statista Inc., 30 Jun 2021, https://www.statista.com/statistics/1073541/total-value-of-household-debt-in-the-united-kingdom/
House of Commons, Total value of household debt in the United Kingdom (UK) from 2000 to 2020 (in million GBP) Statista, https://www.statista.com/statistics/1073541/total-value-of-household-debt-in-the-united-kingdom/ (last visited May 27, 2022)