Higher earners face debt problems
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.