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Higher earners face debt problems

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People on relatively high incomes are increasingly battling rising personal debts, according to the Consumer Credit Counselling Service (CCCS).

Over three years, CCCS says it has seen a rise of 257% in the number of UK workers

earning over £30,000 a year contacting them for help.

The charity said that such people are seeing their debts mount up as a result of large mortgages and private school fees, among other drains on their resources.

The average debt among high earners turning to the CCCS for advice was nearly £70,000. People in the £30,000 plus earnings bracket represented one in 20 of CCCS’ clients.

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