Worryingly, the research also revealed many only consider themselves to be ‘in debt’ once they are £3,882 in the red. Asesh Sarkar, CEO of Salary Finance, said: “In today’s world it is normal for people to have some kind of debt. Researchers also revealed people’s feelings towards different types of debt, and what constitutes as good versus bad debt. But while 61 per cent think dipping into the overdraft constitutes bad borrowing, 18 per cent think it’s ‘good debt’. And credit card debt also split the nation’s opinions, with just six in 10 believing it to be debt you don’t want.

Source: Daily Mirror May 20, 2019 15:22 UTC