Average family pays £42 per day in bills

March 5, 2008 by admin  
Filed under News, News-Banking

The average family in the UK is spending up to £42 per day on bills, a figure which is expected to rise further according to new figures.

Findings from Data show that the cost of primary bills has risen to £3,426 a year for the typical UK household, which is expected to increase more when the council tax and water bill increases arrive.

Added to the average mortgage costs, which equate to £12,000 per year, the average household bill works out at over £15,000 per year – or £42 per day.

Moira Haynes, a spokeswoman for Citizens Advice, said: “Our debt inquiry figures suggest that growing numbers of people are not only finding themselves over-committed on credit cards, loans and overdrafts, but are also struggling to meet day-to-day living expenses.”

Despite being the lowest increases for 14 years, a survey from the Times showed that the average council tax rise will be 3.9 per cent, which equates to an additional £52 per month on a band d property.

Tags: living, day-to-day living, Labour Party, Economic history, month, bill increases, cost, show