Families' 100bn Bill Just to Pay Off the Interest On Their Debts
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Summary
INTEREST payments on household debt have hit a ten-year high in relation to income, with annual repayments expected to top 100billion for the first time.
This equates to around 1 in every 8 spent by households on goods and services this year, according to accountants Grant Thornton.See the full content of this document
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Families' 100bn Bill Just to Pay Off the Interest On Their Debts
The firm says interest repayments will hit 101.5billion this year. Of that, 72.8bill...
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