Personal debt levels see 44 per cent hike in Knebworth
- Credit: Sarah Allison
There has been a whopping 44 per cent rise in personal debt levels for people living in Knebworth, according to new figures.
The latest quarterly UK Personal Debt Index shows average debts in the village rose to £20,948 in the three months leading up to October, compared to £14,539 the previous quarter, and against a national average of £20,687.
The PDI is compiled by personal insolvency practice Creditfix following a survey of more than 90,000 people across the UK.
Creditfix’s Taylor Flynn said: “Summer is an expensive time of year. The temptation to spend on family activities and going away is rife.
“However, if not managed carefully, overspending can be incredibly damaging as we head towards Christmas.
You may also want to watch:
“Priorities change and the pressure to save up for presents and festive parties can become even more difficult if there is a financial overhang from the summer.”
- 1 Devastated wife pays tribute to Stewart Macgregor following e-scooter accident
- 2 Dozens die after catching COVID-19 in our hospitals
- 3 Man in 70s arrested following A600 crash
- 4 Delivery driver forced to floor in mobile phone robbery
- 5 As Michael Keaton's Batman returns, Knebworth House features in first teaser for The Flash movie
- 6 Goldfish prizes to be banned on council-owned land
- 7 Road closures following crash in Letchworth
- 8 Letchworth and Baldock Sergeant set to retire after two decades in Herts
- 9 Hitchin launches H-Town Pounds
- 10 7 haunted locations that will give you a Halloween fright