The average adult in South Yorkshire owes more than £5,050 to their creditors, according to research.
Insolvency trade body R3, which carried out the study, said it was slightly lower than the national average of £5,534, but still equated to more than 10 weeks of average earnings, as well as seven months’ average rent.
The poll also found 3 per cent of adults in Yorkshire owe more than £20,000 aside from their mortgages and student loans.
Gareth Self, Yorkshire R3 committee member and insolvency practitioner in the P&A Group of Companies in Sheffield, said: “The fact the region’s average personal debt is equivalent to almost three months’ wages is a cause for concern.
“That’s a lot of ground to make up if debts need to be repaid quickly.”