Britons are still taking on more and more debt despite the obvious signs of a recession, it has been revealed by a comparison website .
The amount of debt taken on this year has been higher than ever, with twenty-seven per cent of adults having been found to have placed themselves under a heavier burden. Of the 27 per cent cent of people who have increased their debt, 8 per cent of these have said that they have increased their debt amount by "a lot".
The research found that the average debt now stands at £7,000 for the average Briton. Those aged over 60 were revealed to be the best at reducing their debt, while the under-30's struggled the most to keep it under control.
Tim Moss from a price comparison website, said: "Anyone starting to worry about their financial situation shouldn't bury their head in the quick sand of debt, problems are easier to tackle when addressed early."
Brits continue to take on more debt
Fri, 31 Jul 2009
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