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The number of high earning consumers struggling to meet their debts is on the
increase, according to the Consumer Credit Counselling Service (CCCS).
The CCCS claims that the number of people earning overan £30,000 a year asking
it for help has risen by 257% in the past three years, with debt now accepted as
a normal part of life for high earners.
The average debt amongst high earners turning to the CCCS for advice was nearly
£70,000.
Helen Saxon, author of the report, commented: "Accepted wisdom suggests that a
take-home income of £30,000 per year is enough to allow most families to be able
to manage the demands on their income.
"But large mortgages, rising school fees, keeping up with the Joneses and the
increasing availability of credit have made debt a normal part of life for many
of the middle class."
Source:
Getting Paid
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