Soldato
The average UK personal debt is something like £34,000.
Not in the world of low income families, a vast majority of them your talking a few thousand at most and almost always down to a reduction in income, reduction in benefits or sudden expense from having to replace important appliances (cookers, washing machines or fridges). Very few people on low incomes have vasts amounts of debt through reckless spending. Most of these low income people are elegible for DROs rather than bankruptcy due to having <£75/month disposable income and <£20,000 in debt. From what I have seen most of them its between £4,000 and £10,000.
Source for this knowledge, 7 years working for the citizens advice bureaux offering debt advice.
Not in the world of low income families, a vast majority of them your talking a few thousand at most and almost always down to a reduction in income, reduction in benefits or sudden expense from having to replace important appliances (cookers, washing machines or fridges). Very few people on low incomes have vasts amounts of debt through reckless spending. Most of these low income people are elegible for DROs rather than bankruptcy due to having <£75/month disposable income and <£20,000 in debt. From what I have seen most of them its between £4,000 and £10,000.
Source for this knowledge, 7 years working for the citizens advice bureaux offering debt advice.