How much debt are you in?

Pushing 50. Zero debt thanks to some luck in a niche business.

A £25k loan (inc interest) I had to take out to help my elderly parent with something. About £15k left. I pay off £1100 a month and it should be clear by September next year.

Mortgage but no other debt

Nothing, but we are 50-odd years old

10k for car, 150k mortgage, 1k in debt to electricity bill as our heating broke so we had to rely on heaters for three months over the winter. no savings which I think is a much bigger problem. I’d rather be in much bigger debt and have money to go to should I lose my job.

I’ve had no debt since paying off my mortgage when I was about 50. Don’t have anything on credit either although I did once buy a v v expensive sofa over a year with interest free credit. Before 50 and divorce I lived a stressful life with a husband who would insist on having what he wanted when he wanted it. He had debt and gambled. I swore I’d never live that sort of life again

I’ve just had my ever first car loan at 45, and that’s stressing me out 🙈

50k debt, 180k mortgage, no idea what my student loan amount is at the moment.

Zero. Mortgage is paid off and I pay my credit card in full each month. I usually save for big purchases rather than put them on the credit card because I was in a lot of debt many years ago after my marriage broke down and ended up having to sell my house and move to a cheaper area to pay it off.

1 million in secured mortgage debt
£20k credit cards at 0%

£108k mortgage, £7.6k consumer debt, mainly on low/ interest free balance transfer across 3 cards. I've taken on a 2nd job as the consumer debt is an absolute millstone (divorce and post divorce costs).

Well managed affordable debt is not necessarily a bad thing. Debt because of massive life events and not being able to make ends meet and being in a constant robbing Peter to pay Paul cycle is grinding pain every bloody month.

Surely, it is relative to your salary? A 500k mortgage isn’t huge if you have a joint income of 200k.

Our joint income is £130k, we have £165k on our mortgage and about £30k total of unsecured debt between us, which is made up of car loans and a loan for our second round of IVF, which thankfully was successful.

I'm amazed at the number of people paying off their mortgages so young. Very few of my peers bought houses before their mid thirties, so even if we all stayed in the first homes and overpaid it would be a long way before they're paid off!

I think its all relative if its astronomical or not. How old are they? Close to retirement or early 20s? Do they live in a expensive area? Did they go to university? How much of the debt is unsecured?

Mortgage and student loans could easily hit £500K for someone living in London and on the higher student loan.

We have £130K left on our mortgage but about £200K equity in the house. We could sell and pay it off but we see a mortgage as an investment. The idea when we turn 60 is to downsize and own whatever we get outright. Not own the bigger house outright now.

None. Paid off mortgage, pay credit card in full every month.

150k mortgage halfway there
£600 student loan (I am so close!) husband had £800 left
£3k credit card that will be paid off before the interest free period ends in January
Both cars are on PCP

We have made a conscious effort this year to get out of debt and have overhauled our spending. We have cleared our overdrafts. It’s so hard sometimes though it’s like one step forward and two steps back!

While it can be interesting to include them, mortgage and SLs are not really standard debt. When people tak about debt, it's usually unsecured debt.
Like I wouldn't even count car on payments if we had it

No student loan or CC debt. Have 55k owing on our mortgage which will be paid off in 2 years.
We aren't massive earners but got very lucky with buying our first flat which was in an area that shot up in value. When we sold we could've got a much flashier house with a much bigger mortgage but decided that we preferred the financial stability of a smaller mortgage. We don't live a flashy lifestyle, drive an old banger and overpay the mortgage every month.

None and have never had any debt.
university in the 1980s so no student loan/debts
dh and I lived overseas for 25 years and bought house for cash when re returned to the uk so never had a mortgage
I realise my situation is not the norm.

Zero, I do all my spending on credit cards for the cash back, then pay it in full every month. Mortgage paid off years ago

Mortgage isn’t a debt, it’s a future investment.
Student loans repayment is a tax when above the threshold but should you not be working for any reason you don’t pay it.

You have to spend money to make money.

For example, we bought our house in 2011 for £270,000, it’s now worth £650,000. So even if we were on an interest only mortgage, which we are not, we could sell tomorrow, pay back the bank and have £380,000 in our bank for our next property.

We have about £500k/18 years left on our mortgage- we’re late 30s and don’t really consider it debt as we have about £600k equity… we also have savings.

but yeah… we’re in 500k debt! Not in the least bit bothered and always felt it’s normal.

250 mortgage
At least 100k student loans

No consumer debt.

Our remaining mortgage is £275k so that’s my debt currently. We will be upsizing soon though so it will go up.

Including mortgage- £67k (I suppose half of that actually as husband is joint owner)

roughly 4-5k not mortgage.

I know it’s not that high but one is expensive debt and we don’t have a high income really….