Wealthy Borrowers Blamed for Leading the Uk's Continued Thirst for Debt
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Summary
WELL-off consumers are the ones who have been piling on the most debt in the past year, according to a survey released yesterday.
The Council of Mortgage Lenders' Annual Consumer Survey has revealed that more than a fifth of households with incomes over GBP 30,000 had increased their borrowing in 2003, compared with just 6 per cent of those with household incomes less than GBP 17,499.See the full content of this document
Extract
Wealthy Borrowers Blamed for Leading the Uk's Continued Thirst for Debt
However, despite almost 60 per cent of homeowners survey...
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