Yorkshire Debt Crisis: £12k Average, 9 Years to Repay

A deepening debt crisis across Yorkshire is forcing individuals to borrow money for essential living costs, according to a new report. The average debt for people seeking assistance now stands at about £12,000, with an average repayment period stretching to nearly nine years. This marks a significant shift, as people are borrowing for necessities such as food, fuel, and school uniforms, rather than discretionary spending.

The report highlights a stark increase in the difficulty of escaping debt. Fourteen years ago, 40% of clients could repay their debts within a reasonable timeframe, a figure that has now fallen to just under a quarter. This financial pressure has severe mental health consequences, with around 46% of those helped by Christians Against Poverty having considered or attempted suicide.

Charity debt advisers report seeing a rise in arrears for council tax, utilities, and rent. Many clients are left with minimal funds after rent, struggling to cover basic living expenses and social contact. Campaigners are urging policymakers to implement stronger safety nets and faster access to financial support, recognizing debt as both an economic and mental health issue.