Recent data from The Money Charity shows that the average total household debt levels in the UK reached £67,350 in January 2026 and the average debt level per individual is £34,774.
These figures reflect a very real trend: debt levels are continuing to rise across the UK, and more people are feeling the pressure in their day-to-day lives.
What does £34k debt per adult actually look like?
It’s important to understand that this figure includes a mix of debts, such as:
- Mortgages
- Credit cards
- Personal loans
- Student loans
According to the report, £30,319 of the £34,774 per adult is tied to secured debts (i.e. a mortgage). This means mortgages account for a staggering 87% of a person’s total debt.
The next biggest debt is unsecured/problem debt. Basically, any debt that isn’t tied to an asset (like a home or a car). This includes credit cards, overdrafts, personal loans, etc.
These unsecured debts account for £4,455 per adult, of which £1,412 is specifically credit card debt.
Why are UK debt levels increasing?
- Cost of living remains high
Although inflation has slowed compared to previous years, everyday essentials like food, energy and housing are still expensive. Many households are relying on credit just to cover basic costs.
- Borrowing has become more normalised
Credit cards, personal loans and especially Buy Now, Pay Later (BNPL) schemes are easier to access than ever before and contribute massively to rising debt levels. While helpful in the short term, they can quickly add up if balances aren’t cleared.
- Unexpected expenses
From car repairs to vet bills, unexpected expenses often push people into debt – especially someone with little to no savings to back them up.
What can you do if you’re struggling with debt?
The most important thing to remember is that help is always available, and taking action early can make a big difference.
Understand your situation
List all your debts, including balances, interest rates and monthly payments. This will give you a clear picture of where you’re starting from.
Look at your budget
Review your income and expenses to see where adjustments can be made. Even small changes can help free up money for repayments.
Explore your options
Depending on your individual circumstances, there are a number of ways to manage debt levels including:
Each option has its pros and cons, so it’s always important to get the right advice.
At MoneyPlus, we speak to thousands of people every year who are dealing with debt. Whether you’re just starting to feel the pressure or already struggling to keep up, getting support can help you take back control.
Read the full report from The Money Charity here.
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