$69 postpage LB

Why are Britons hiding debt from their friends & family?

  • December 02, 2020 08:55 PM AEDT
  • Team Kalkine

The Britons are hiding debt of close to £8.5 billion from their friends and family. One of the key reasons for mounting debt is the splurge on shopping. The average debt per individual is £600, which is through the use of credit cards, overdrawn on bank limits, and fallback in bill repayments. As per credit agencies, about one-fourth of the Britons hide their financial condition, and secret shopping is the primary reason.

The spenders are also getting indebted to the same family members and friends from whom they are hiding the financial position. The recent health crisis has severely affected the financial condition of the people, and overspending has become a serious problem.

Gold MTF non-AMP


The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK