Pages

Pages

Tuesday, July 09, 2019

Desperate Dundonians

Folk from Dundee have the highest personal debts in Scotland after turning to credit cards and loans to survive.

The average debt is an astonishing £20,000 and money experts blame a combination of the controversial Universal Credit system plus poor pay packets in the city.

Overall, in Scotland, the national average debt is £17,631. It is predicted the situation will only worsen as the summer holidays kick in with childcare costs, kids looking for fun days out or even just a meal that would have been provided at school.

47% of Scottish people in work run out of money before pay day at least once a year. The YouGov survey found that about 25% of Scots 18 and over find it difficult to cope on their present income, resulting in some needing to use credit to pay ongoing expenses such as shopping or utilities.

https://www.eveningtelegraph.co.uk/fp/dundonians-have-highest-personal-debts-in-scotland/

No comments:

Post a Comment