Welcome to the FT Debt Freedom Day Calculator. A helpful tool that will help you discover how many days you need to work just to pay the interest on any debt you may currently have.
According to independent analysis of the most recent official figures conducted by independent agency, RAKM, on behalf of Unbiased.co.uk. Data sources are Bank of England, British Bankers Association (unsecured borrowing + equity release, no mortgages), ABI, AIC and IMA. The analysis shows that a typical UK consumer needs to work 70 days to service the interest on their debt.
Are you ‘better or worse’ off than that? Find out now.