10 Per Cent Of People In The UK Are Always In The Red

In a recent survey one in ten people have admitted to never moving out of debt on their current account. The habit of permanently relying on one’s overdraft has become all too common. There may be those who are never in the red, but they must be fairly rare considering that 37.0% of consumers surveyed admit that they have used their overdraft in the past twelve months.

There is some good news, 50.0% of those surveyed said that they intended to curb their spending this year. All too often these of intentions remain exactly that, intentions not action.

The single largest group who remain in current account debt are those between twenty and twenty-nine years of age; 46.0% of this demographic accessed their overdraft in the last year, and 16.0% have never been in credit. Those over seventy are the least likely to use their overdrafts.

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