Oxymoron?

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/7950390.stm

Affluent 'facing debt problems'

How can anyone in debt be classed as affluent?

If you are affluent, you can pay your debts, no?

[alreadypacked]

"A regional breakdown showed that the highest levels of debt were generally in the south of England - at an average of £29,000, but the over 60s in Wales had one of the highest debt levels in the UK at £25,947."


What are the old folk in Wales up too

[moorfield]

Affluent is BBC code for non-chav/white/middle class, so probably people with overstretched mortgages and credit card limits.

[DimPrawn]

"A regional breakdown showed that the highest levels of debt were generally in the south of England - at an average of £29,000, but the over 60s in Wales had one of the highest debt levels in the UK at £25,947."


What are the old folk in Wales up too

Zeity?

[Mich the Tester]

WTF?
Twenty nine thousand quid on credit cards and personal loans? That’s f**king lunacy. I didn’t realise how big the problem really is as I thought most people were fairly sensible with money and there were just a few idiots around, but that’s an unfathomable amount of debt to build up if you’re not buying a house.

[Platypus]

Should say "apparently affluent" ...

People like me! Very good at spending other people's money!

[Foxy Moron]

I wonder if there are any maxed out contractors here feeling the pinch

[Platypus]

WTF?
Twenty nine thousand quid on credit cards and personal loans? That’s f**king lunacy. I didn’t realise how big the problem really is as I thought most people were fairly sensible with money and there were just a few idiots around, but that’s an unfathomable amount of debt to build up if you’re not buying a house.

£29k is small. People are going bust for plenty more than that these days:
http://forums.moneysavingexpert.com/...html?t=1521833

[Gordon Brown]

Kids stuff

Every man, woman and child is in debt to me for about £35,000 thanks to my prudence.

[Mich the Tester]

£29k is small. People are going bust for plenty more than that these days:
http://forums.moneysavingexpert.com/...html?t=1521833

‘Approx 43,000.00 over 16 Credit / Store Cards and 1 Loan.’

‘ 42k accumalated over 18 years. No excuses,lived beyond my means’

‘ £17k .... thought overtime was guaranteed.... and then the bubble burst!’

‘Just shy of 151K of unsecured debt. All on credit cards, loans and overdrafts. Got nothing to show for it either!?’

‘just finished filling out the forms for the 6th march, my debt totals 30,000 and my hubbys is 45,000. Cant believe how it mounts up, it is our fault, reckless spending thinking things would be ok, then all of a sudden you cant meet the payments.’

F**king hell. All followed Gordon's fine example did they?

Has there been a complete detachment from reality in the UK?

Didn't people realise that the nature of any debt is that you have to pay it back with interest?

I'd like to know what the hell people were buying wth all this debt. Lots of bling-bling jewellery and designer clothing?