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Figures show that 2.5 million UK residents have more than £10,000 worth of unsecured debts, but seven out of ten of them are not worried by this.
But most Britons are not worried about the amount of debt they are in, and a quarter said they would even borrow more, according to research from market analysts Mintel.
Nearly half of the population owe money on their credit cards, overdrafts and personal loans, but most keep their debt under control.
But, a notable one in 20 Britons owes more than £20,000, the research found.
Paul Davies, senior finance analyst at Mintel, comented: "While many people in
debt may have the means to continue meeting their repayments, the high levels of
debt and lack of worry does clearly represent a cause for concern.
"Although the research certainly shows that an impending debt crisis is not
inevitable, a large minority of households are extremely vulnerable to any
deterioration in the prevailing economic conditions."
The study did not portray a complete lack of apathy among Britons regarding
their debt levels, with one in 20 admitting they were "very worried" about the
amount they are owing.
Source:
Getting Paid
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