Debt
Debt levels are currently at record highs
Simply put, debt is when you owe someone money. For most people, this means the balances they owe on credit cards, personal loans, mortgages, and overdrafts.
Consumer debt is running at an all time high, with easy access to credit causing many people to run up potentially dangerous levels of unsecured borrowing, while record house prices mean that the average mortgage size is getting larger and larger.
