In 2022, the most common reason for having personal debt by people seeking financial advice in the United Kingdom (UK) was lack of control over finances. According to the figures, 15 percent of clients who sought debt counseling with the UK charity StepChange had debt problems because of the increase in the cost of living. Personal debt is defined as a financial obligation owed by an individual or a household.
Distribution of people who sought debt advice in the United Kingdom (UK) from 2019 to 2022, by reason for debt
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StepChange. (March 29, 2023). Distribution of people who sought debt advice in the United Kingdom (UK) from 2019 to 2022, by reason for debt [Graph]. In Statista. Retrieved January 23, 2025, from https://www.statista.com/statistics/1070169/distribution-of-debtors-united-kingdom-uk-by-reason/?__sso_cookie_checker=failed
StepChange. "Distribution of people who sought debt advice in the United Kingdom (UK) from 2019 to 2022, by reason for debt." Chart. March 29, 2023. Statista. Accessed January 23, 2025. https://www.statista.com/statistics/1070169/distribution-of-debtors-united-kingdom-uk-by-reason/?__sso_cookie_checker=failed
StepChange. (2023). Distribution of people who sought debt advice in the United Kingdom (UK) from 2019 to 2022, by reason for debt. Statista. Statista Inc.. Accessed: January 23, 2025. https://www.statista.com/statistics/1070169/distribution-of-debtors-united-kingdom-uk-by-reason/?__sso_cookie_checker=failed
StepChange. "Distribution of People Who Sought Debt Advice in The United Kingdom (Uk) from 2019 to 2022, by Reason for Debt." Statista, Statista Inc., 29 Mar 2023, https://www.statista.com/statistics/1070169/distribution-of-debtors-united-kingdom-uk-by-reason/?__sso_cookie_checker=failed
StepChange, Distribution of people who sought debt advice in the United Kingdom (UK) from 2019 to 2022, by reason for debt Statista, https://www.statista.com/statistics/1070169/distribution-of-debtors-united-kingdom-uk-by-reason/?__sso_cookie_checker=failed (last visited January 23, 2025)
Distribution of people who sought debt advice in the United Kingdom (UK) from 2019 to 2022, by reason for debt [Graph], StepChange, March 29, 2023. [Online]. Available: https://www.statista.com/statistics/1070169/distribution-of-debtors-united-kingdom-uk-by-reason/?__sso_cookie_checker=failed
