Stat of the day: 10%

The percentage of Britons who are permanently in their overdraft

by Elizabeth Anderson
Last Updated: 09 Oct 2013
Languishing in the depths of our overdrafts isn't unusual for many people, but apparently, our reliance on them is increasing: in fact, according to a survey, around 10% of Britons are permanently in the red.

More than a third also say they're either permanently overdrawn or have dipped into their overdraft at least once during the past year, according to moneysupermarket.com.  

Unsurprisingly, it’s the young who are becoming accustomed to life in the red. Almost half of 20 to 29 year-olds have been overdrawn within the last 12 months. For them, it might be a case of start as you mean to go on...

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