Credit card debts and personal loans.

But how much is this the temporary debt held by people who pay off their CC in full each month? Is this included? You can bet your braces that it will be if someone's trying to make a point.

It probably is, the surprising thing is the government wants people to carry on spending to get out of recession, surely they should be encouraging people to save?

The economy depends on money flowing. In particular, if everyone saved, there would be no money to pay anyone. The problem isn't so much debt as too much debt.

Saving isn't really possible without a corresponding debt, although, especially for shares, it may be a corporate, rather than a personal, one.

At 08:50:15 on 05/07/2009, Tiddy Ogg delighted uk.finance by announcing:

Or have it on 0% with the appropriate amount in a savings/investment account.