It has become a global phenomenon that almost everyone has financial difficulties, with the recession and other financial indicators knocking the economy prices have sky rocketed and salaries have remained the same, although you might feel like you are alone in the sea of debt, the reality is that most people on the planet have the same problem with the same thoughts.
The interesting part comes in when you look at certain parts of the country that have a higher average debt than others. What is most interesting is that the basic costs of living do differ from one area to the next, but one wouldn’t expect such a large difference in the amount of debt, especially because it is believed that in certain areas the salaries are higher than others.
For example, if you living in London or suburbs of London you would be getting a bigger salary than if you were living in Belfast, although costs of housing and utilities are more expensive in London, one would expect that food and travel expenses are lower so they should balance out and the amount of debt would be either equal to Belfast or lower.
Here is a list of the different areas which are affected the most, from highest to lowest total debt:
Bristol – £ 2,806
Edinburgh – £ 2,779
Glasgow – £2,696
Birmingham – £ 2,626
Cardiff – £ 2,522
Manchester – £2,410
Leeds – £ 2,389
Newcastle – £2,356
Liverpool – £ 2,222
Belfast (Northern Ireland) – £1,584
Maybe the results of this survey indicate that certain areas are higher in debt because of the status attached to the area, which in turn would reveal that people will still create debt than be the outcast of society.