£96 billion of debt hidden from friends and family

Industry News | 12/11/18

• The average amount of hidden debt in the UK stands at £4,164
• Almost a third (29%) admit that their partner does not know about all of their debts
• Half (51%) would prefer not to talk about debt to their friends and family because they don’t want them to worry
• The Money Advice Service is encouraging people to start opening up about their money worries this Talk Money Week
The taboo around debt means that many Britons are keeping it secret from their loved ones, according to new research.
Source: Money Advice Serivice