Consumer debt in the UK: Attitudes and implications

Abstract

Some sections of society have expressed concerns that consumer debt has risen to a dangerous level. However, there is little evidence regarding how consumers themselves feel about debt. This paper reports up‐to‐date findings from the International Institute of Banking and Financial Services’ Financial Well‐being Survey about consumers’ attitudes towards debt in general and their current levels of borrowing. The implications for the financial services industry and its regulation are discussed.

Citation

Ironfield‐Smith, C., Keasey, K., Summers, B., Duxbury, D. and Hudson, R. (2005), "Consumer debt in the UK: Attitudes and implications", Journal of Financial Regulation and Compliance, Vol. 13 No. 2, pp. 132-141. https://doi.org/10.1108/13581980510621910