Working together to improve the financial lives of people and communities in Nottingham
One in five people in Nottingham are over-indebted
Debt is a huge problem in Nottingham. The Money Advice Service have calculated that a fifth of Nottingham’s residents are over-indebted. Nottingham has the highest level of people over-indebted of any upper tier, local authority in the UK and the fourth highest level of over-indebtedness of any lower tier, local authority.
Over-indebtedness is defined by MAS as someone who finds meeting monthly commitments a heavy burden and/or who is regularly in arrears with bills.
Take home pay in Nottingham is one-fifth of that of residents of West London
Nottingham is the city with the lowest incomes in the UK, where residents’ take-home pay is only one-fifth of the disposable income enjoyed by people in west London.
The average household income per head, once taxes and benefits are taken into account, is only £12,232 in Nottingham, compared to £58,816 in Kensington and Chelsea, and Hammersmith and Fulham in west London.