RE: Lloyds19 Sep 2025 15:05
"The average person in the UK has £16,000 in cash but 39% have less than £1000. So we can take 40% out of the equation what percentage of the 60% that is left will invest enough to make one iota of difference. Not much point in having a great bank in a mortuary ."
"According to a NimbleFins analysis of data from the Bank of England, the average UK household consumer debt (e.g. personal loans and credit cards) reached £8,283 in February 2025—plus households owe another £9,056+ in student loans and those with a mortgage owe another £193,867 on average on their homes. In this article, NimbleFins data experts break down data from the Office of National Statistics and the Bank of England to identify trends in debt levels and understand how debt levels change across different demographics like age and gender."
Pointless holding cash when paying off debt. The figures vary according to source. The Guardian make it worse..