Borrowing Data

Borrowing statistics in the Isle of Wight 2026

Last updated November 2026 · Data to mid-2025 · Isle of Wight

Borrowing estimates for the Isle of Wight, built from published survey rates and population figures.

105,000

Credit or loan holders

An estimated 105,000 adults in the Isle of Wight held at least one credit or loan product in 2024.

Source: Estimate from FCA Financial Lives 2024 and ONS mid-2024 population estimates, Borrowing Data, 2024

Estimate: 89% of adults in the South East held at least one credit or loan product (FCA Financial Lives 2024, adults aged 18 and over) applied to 118,108 adults aged 18 and over in the Isle of Wight (ONS mid-2024 population estimates, single-year ages summed).

86,200

Credit card holders

An estimated 86,200 adults in the Isle of Wight held a credit card in 2024.

Source: Estimate from FCA Financial Lives 2024 and ONS mid-2024 population estimates, Borrowing Data, 2024

Estimate: 73% of adults in the South East held a credit card (FCA Financial Lives 2024, adults aged 18 and over) applied to 118,108 adults aged 18 and over in the Isle of Wight (ONS mid-2024 population estimates, single-year ages summed).

24,800

Overdraft users

An estimated 24,800 adults in the Isle of Wight were overdrawn on a current account in 2024.

Source: Estimate from FCA Financial Lives 2024 and ONS mid-2024 population estimates, Borrowing Data, 2024

Estimate: 21% of adults in the South East were overdrawn on a current account (FCA Financial Lives 2024, adults aged 18 and over) applied to 118,108 adults aged 18 and over in the Isle of Wight (ONS mid-2024 population estimates, single-year ages summed).

34,300

Residential mortgage holders

An estimated 34,300 adults in the Isle of Wight had a residential mortgage in 2024.

Source: Estimate from FCA Financial Lives 2024 and ONS mid-2024 population estimates, Borrowing Data, 2024

Estimate: 29% of adults in the South East had a residential mortgage (FCA Financial Lives 2024, adults aged 18 and over) applied to 118,108 adults aged 18 and over in the Isle of Wight (ONS mid-2024 population estimates, single-year ages summed).

21,300

Buy now, pay later users

An estimated 21,300 adults in the Isle of Wight used buy now, pay later credit in 2024.

Source: Estimate from FCA Financial Lives 2024 and ONS mid-2024 population estimates, Borrowing Data, 2024

Estimate: 18% of adults in the South East used buy now, pay later credit (FCA Financial Lives 2024, adults aged 18 and over) applied to 118,108 adults aged 18 and over in the Isle of Wight (ONS mid-2024 population estimates, single-year ages summed).

6,610

High-cost credit users

An estimated 6,610 adults in the Isle of Wight held high-cost credit in 2024.

Source: Estimate from FCA Financial Lives 2024 and ONS mid-2024 population estimates, Borrowing Data, 2024

Estimate: 5.6% of adults in the South East held high-cost credit (FCA Financial Lives 2024, adults aged 18 and over) applied to 118,108 adults aged 18 and over in the Isle of Wight (ONS mid-2024 population estimates, single-year ages summed).

24,800

Low financial resilience

An estimated 24,800 adults in the Isle of Wight had low financial resilience in 2024.

Source: Estimate from FCA Financial Lives 2024 and ONS mid-2024 population estimates, Borrowing Data, 2024

Estimate: 21% of adults in the South East had low financial resilience (FCA Financial Lives 2024, adults aged 18 and over) applied to 118,108 adults aged 18 and over in the Isle of Wight (ONS mid-2024 population estimates, single-year ages summed).

7,090

In financial difficulty

An estimated 7,090 adults in the Isle of Wight were in financial difficulty in 2024.

Source: Estimate from FCA Financial Lives 2024 and ONS mid-2024 population estimates, Borrowing Data, 2024

Estimate: 6% of adults in the South East were in financial difficulty (FCA Financial Lives 2024, adults aged 18 and over) applied to 118,108 adults aged 18 and over in the Isle of Wight (ONS mid-2024 population estimates, single-year ages summed).

120,886

Residents aged 16 and over

The estimated population aged 16 and over in the Isle of Wight was 120,886 at mid-2025.

Source: Population estimates - local authority based by single year of age (Nomis NM_2002_1), mid-year estimates, Office for National Statistics, 30 June 2025

ONS mid-2025 population estimates (published 29 July 2026 for England and Wales; Scotland and Northern Ireland as carried in the same Nomis table), local authority boundaries as of April 2023, usual residents, as returned by the Nomis 'Aged 16+' category.

Key points

An estimated 105,000 adults in the Isle of Wight held at least one credit or loan product in 2024. An estimated 86,200 adults in the Isle of Wight held a credit card in 2024. An estimated 24,800 adults in the Isle of Wight were overdrawn on a current account in 2024.

Frequently asked questions

How many adults in the Isle of Wight held at least one credit or loan product in 2024?

An estimated 105,000 adults in the Isle of Wight held at least one credit or loan product in 2024.

How many adults in the Isle of Wight held a credit card in 2024?

An estimated 86,200 adults in the Isle of Wight held a credit card in 2024.

How many adults in the Isle of Wight were overdrawn on a current account in 2024?

An estimated 24,800 adults in the Isle of Wight were overdrawn on a current account in 2024.