The UK racked up a debt of over £2 billion in the last year – made up entirely of money and items we’ve borrowed from friends, family and neighbours.
The average Brit currently owes and is owed £329
Read on to find out which UK regions most honour their IOUs, whether men or women can claim to be more responsible borrowers, and what that kind of cash could buy you right now.
On average, Southerners are willing to offer four times more to a neighbour, friend or family member than those in the north.View Data
88.1% of people in Yorkshire & Humber would be willing to lend money to close family members. They are the most willing to help out their neighbour financially - contrary to stereotype.
Northern Ireland (96.3%) are the most generous when lending money to a close family member.
Men VS Women
Men are more inclined to let a loan slide than women - 11.77% wouldn’t ask for their money/item back.
Men are more expectant of getting their money back in the short term than women.
On average men would lend almost three times more money to a friend than a woman would.
Women want their possessions back sooner than men.
The longer an item has been borrowed, the more likely it is that a woman has it than a man.
Nearly half (47.95%) of women have kept something they borrowed for more than a year.
Over a fifth of both men and women have had a disagreement with someone over a borrowed item - women narrowly edge this contest.
Last year Britons lent on average £329 to a neighbour, friend or family member. (As money or in item value.)
Hold on to your lawn mower, (and underwear?!) and take a look at what else an average saving of £329 a year could earn you...
Based on an average cost of £26 per month, your £329 could buy you just over 12 months’ gym membership on a peak tariff!
Now that you’re not fretting over getting your money back, unleash your pent-up frustrations on the virtual bad guys
Stay cool with your brand new windfall and invest in a top-of-the-line fridge freezer
Unwind in one of the world’s most beautiful destinations with three blissful nights in a four-star hotel. Gondola not included
By placing your initial investment into an ISA with a 2% interest rate – and adding no more to it – in five years you could see an additional £34.24 added to the balance. Totally worth it.
Prices correct as of January 2015
We can’t be certain whether or not you can expect to see that hairdryer returned, but when it comes to lending, the stats don’t lie, Britons are a very generous bunch.