Around one-third (£72.4 billion) of all consumer debt is due to credit card use. While some pay off their credit card debts before they incur interest and charges, it is people on lower incomes that are borrowing more on their credit cards in proportion to their income and for longer. Credit card debt grew by 25% in the five years before 2019 and outstripped income growth over that period. This report presents new evidence of the impact of credit card debt on low income households.

Published in July 2019 by the Centre for Responsible Credit, with Jubilee Debt Campaign, New Economics Foundation and Research for Action.