Our society is fuelled by debt. Whether it’s your credit card, student loan or the latest mobile phone that you have to have, the average pile of household debt in Britain has risen to £13,250 – an increase of £4,000 on last summer. And that’s before we consider your mortgage.
This is an international problem that is only going to get worse. The Governor of the Bank of England believes that if something isn’t done to change the personal debt crisis it has the potential to plunge the world into economic catastrophe.
