Credit holding figures for the North East, from the Financial Conduct Authority.
81%
Adults holding any credit
In 2024, 81 per cent of adults in the North East held at least one credit or loan product (now or in the previous 12 months).
Source: Financial Lives 2024 survey: Annex A (Product holdings), Financial Conduct Authority, 2024
Survey estimate, base all UK adults; fieldwork 5 February to 16 June 2024; Includes regulated and unregulated credit; unweighted base 1026
60%
Adults holding a credit card
In 2024, 60 per cent of adults in the North East held a credit card (now or in the previous 12 months).
Source: Financial Lives 2024 survey: Annex A (Product holdings), Financial Conduct Authority, 2024
Survey estimate, base all UK adults; fieldwork 5 February to 16 June 2024; unweighted base 1026
20%
Adults overdrawn
In 2024, 20 per cent of adults in the North East were overdrawn on a current account (now or in the previous 12 months).
Source: Financial Lives 2024 survey: Annex A (Product holdings), Financial Conduct Authority, 2024
Survey estimate, base all UK adults; fieldwork 5 February to 16 June 2024; unweighted base 1026
26%
Adults with a residential mortgage
In 2024, 26 per cent of adults in the North East had a residential mortgage on the property they lived in.
Source: Financial Lives 2024 survey: Annex A (Product holdings), Financial Conduct Authority, 2024
Survey estimate, base all UK adults; fieldwork 5 February to 16 June 2024; unweighted base 1026
25%
Deferred payment credit use
In 2024, 25 per cent of adults in the North East used deferred payment credit (unregulated buy now, pay later) in the previous 12 months.
Source: Financial Lives 2024 survey: Annex A (Product holdings), Financial Conduct Authority, 2024
Survey estimate, base all UK adults; fieldwork 5 February to 16 June 2024; Deferred payment credit is the survey term for unregulated buy now, pay later; not measured in 2017 or 2020; unweighted base 1026
6.5%
Adults with high-cost credit
In 2024, 6.5 per cent of adults in the North East held high-cost credit (now or in the previous 12 months).
Source: Financial Lives 2024 survey: Annex A (Product holdings), Financial Conduct Authority, 2024
Survey estimate, base all UK adults; fieldwork 5 February to 16 June 2024; Home-collected, logbook, pawnbroking, payday, rent-to-own, short-term instalment and guarantor loans; 2024 definition applied to earlier waves (Annex A footnote 7); unweighted base 1026
29%
Low financial resilience
In 2024, 29 per cent of adults in the North East had low financial resilience.
Source: Financial Lives 2024 survey: Vulnerability & financial resilience, slide-based report, Financial Conduct Authority, 2024
Survey estimate, base all UK adults, rounded to whole per cent by the publisher; fieldwork 5 February to 16 June 2024; Low financial resilience: in financial difficulty, heavily burdened by bills or credit commitments, or low savings; the underlying chart-data workbook shows 0.28 for this cell while the slide label and the main report both show 29 per cent
11%
Adults in financial difficulty
In 2024, 11 per cent of adults in the North East were in financial difficulty, having missed domestic bills or credit commitments in three or more of the previous six months.
Source: Financial Lives 2024 survey: Vulnerability & financial resilience, underlying data for charts, Financial Conduct Authority, 2024
Survey estimate, base all UK adults, rounded to whole per cent by the publisher; fieldwork 5 February to 16 June 2024
15%
Heavily burdened by bills
In 2024, 15 per cent of adults in the North East said keeping up with domestic bills and credit commitments was a heavy burden.
Source: Financial Lives 2024 survey: Vulnerability & financial resilience, underlying data for charts, Financial Conduct Authority, 2024
Survey estimate, base all UK adults, rounded to whole per cent by the publisher; fieldwork 5 February to 16 June 2024; Excludes don't know responses
10%
Mortgage debt four times income
In 2024, 10 per cent of adults in the North East with a residential or lifetime mortgage had mortgage debt of at least four times their annual household income.
Source: Financial Lives 2024 survey: Mortgages (slide-based report), Financial Conduct Authority, 2024
Survey estimate, base UK adults with a residential or lifetime mortgage, excluding don't know and prefer not to say; fieldwork 5 February to 16 June 2024