July 25, 2007


Britons' assets worth 'four times debt' (Press Association, July 25, 2007, Guardian Unlimited)

Britons have nearly four times as much money in their savings and homes as they owe in debt, research shows today.

People's homes are collectively worth £4.3 trillion, while consumers have also set aside £820bn in savings accounts, according to research carried out by Alliance & Leicester (A&L).

The value of people's assets dwarfs the £1.1 trillion they owe in mortgages and the £200bn debt they have racked up on credit cards, loans and overdrafts.

The total value of assets that Britons hold is further boosted when you take into account the £1.8 trillion they have in pension funds and property investments.

Posted by Orrin Judd at July 25, 2007 11:39 AM
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