lending money

Over half of UK adults got into debt in 2020

One in four UK adults said they got into arrears because of the pandemic

Over half of UK adults got into debt last year, with one in four revealing that their debt was a direct result of the COVID-19 pandemic, according to new research.

The study by personal finance experts at money.co.uk reveals that 51% of UK adults got into debt in 2020 and half of that was new debt directly caused by the pandemic.

The average amount of debt owed in the UK in...