The latest Debt statistics published today (covering the latest reporting period to July 2013) – show that all three aspects of debt of greatest relevance to families has risen since last month.

To see the full report click here

• Average household debt in the UK (excluding mortgages) was £6,005 in July. This is up from a revised £5,931 in June.

• Average household debt in the UK (including mortgages) was £54,110 in July. This is up from a revised £54,014 in June.

• The average amount owed per UK adult (including mortgages) was £28,614 in July. This is up from a revised £28,563 in June and was around 116% of average earnings.

£28,614 is equivalent to about €34,000 – a startling amount of money!

This article  is from Gianluca Milanese, President of one of our Italian partners Tk Formazione srl. In the article the writer paints a gloomy picture of the financial situation in Italy. The picture says it all!

Click here to read the article