Household Debt
Treasury
Dr Vincent Cable (Twickenham, Liberal Democrat)
To ask the Chancellor of the Exchequer if he will list the average (a) household debt per annum and (b) household monthly income in each year since 1997.
Mr John Healey (Economic Secretary, HM Treasury; Wentworth, Labour)
The information requested falls within the responsibility of the National Statistician. I have asked him to reply.
Letter from Len Cook to Dr. Cable dated
As National Statistician, I have been asked to reply to your recent Parliamentary Question on average household debt and household income. (125834)
The information requested is shown in the table below. The households' financial liabilities and households' gross disposable income series used in the calculations are national accounts series for the combined household and non-profit institutions serving households (NPISH) sectors. The accounts for the household and NPISH sectors are currently combined; separate estimates are not available.
| Average household debt during year(1) | Average household income per month(2) | |
|---|---|---|
| 1997 | 24,500 | 1,950 |
| 1998 | 26,000 | 2,000 |
| 1999 | 28,000 | 2,100 |
| 2000 | 30,500 | 2,200 |
| 2001 | 33,500 | 2,350 |
| 2002 | 37,500 | 2,400 |
Notes
(1) Rounded to nearest £500.
(2) Rounded to nearest £50.