Credit holding figures for Scotland, from the Financial Conduct Authority.
In 2024, 83 per cent of adults in Scotland held at least one credit or loan product (now or in the previous 12 months).
Source: Financial Lives 2024 survey: Annex A (Product holdings), Financial Conduct Authority, 2024
Survey estimate, base all UK adults; fieldwork 5 February to 16 June 2024; Includes regulated and unregulated credit; unweighted base 1640
In 2024, 63 per cent of adults in Scotland held a credit card (now or in the previous 12 months).
Source: Financial Lives 2024 survey: Annex A (Product holdings), Financial Conduct Authority, 2024
Survey estimate, base all UK adults; fieldwork 5 February to 16 June 2024; unweighted base 1640
In 2024, 21 per cent of adults in Scotland were overdrawn on a current account (now or in the previous 12 months).
Source: Financial Lives 2024 survey: Annex A (Product holdings), Financial Conduct Authority, 2024
Survey estimate, base all UK adults; fieldwork 5 February to 16 June 2024; unweighted base 1640
In 2024, 26 per cent of adults in Scotland had a residential mortgage on the property they lived in.
Source: Financial Lives 2024 survey: Annex A (Product holdings), Financial Conduct Authority, 2024
Survey estimate, base all UK adults; fieldwork 5 February to 16 June 2024; unweighted base 1640
In 2024, 20 per cent of adults in Scotland used deferred payment credit (unregulated buy now, pay later) in the previous 12 months.
Source: Financial Lives 2024 survey: Annex A (Product holdings), Financial Conduct Authority, 2024
Survey estimate, base all UK adults; fieldwork 5 February to 16 June 2024; Deferred payment credit is the survey term for unregulated buy now, pay later; not measured in 2017 or 2020; unweighted base 1640
In 2024, 6.2 per cent of adults in Scotland held high-cost credit (now or in the previous 12 months).
Source: Financial Lives 2024 survey: Annex A (Product holdings), Financial Conduct Authority, 2024
Survey estimate, base all UK adults; fieldwork 5 February to 16 June 2024; Home-collected, logbook, pawnbroking, payday, rent-to-own, short-term instalment and guarantor loans; 2024 definition applied to earlier waves (Annex A footnote 7); unweighted base 1640
In 2024, 23 per cent of adults in Scotland had low financial resilience.
Source: Financial Lives 2024 survey: Vulnerability & financial resilience, underlying data for charts, Financial Conduct Authority, 2024
Survey estimate, base all UK adults, rounded to whole per cent by the publisher; fieldwork 5 February to 16 June 2024; Low financial resilience: in financial difficulty, heavily burdened by bills or credit commitments, or low savings
In 2024, 8 per cent of adults in Scotland were in financial difficulty, having missed domestic bills or credit commitments in three or more of the previous six months.
Source: Financial Lives 2024 survey: Vulnerability & financial resilience, underlying data for charts, Financial Conduct Authority, 2024
Survey estimate, base all UK adults, rounded to whole per cent by the publisher; fieldwork 5 February to 16 June 2024
In 2024, 12 per cent of adults in Scotland said keeping up with domestic bills and credit commitments was a heavy burden.
Source: Financial Lives 2024 survey: Vulnerability & financial resilience, underlying data for charts, Financial Conduct Authority, 2024
Survey estimate, base all UK adults, rounded to whole per cent by the publisher; fieldwork 5 February to 16 June 2024; Excludes don't know responses
In 2024, 13 per cent of adults in Scotland with a residential or lifetime mortgage had mortgage debt of at least four times their annual household income.
Source: Financial Lives 2024 survey: Mortgages (slide-based report), Financial Conduct Authority, 2024
Survey estimate, base UK adults with a residential or lifetime mortgage, excluding don't know and prefer not to say; fieldwork 5 February to 16 June 2024
In 2024, 83 per cent of adults in Scotland held at least one credit or loan product (now or in the previous 12 months). In 2024, 63 per cent of adults in Scotland held a credit card (now or in the previous 12 months). In 2024, 21 per cent of adults in Scotland were overdrawn on a current account (now or in the previous 12 months).
In 2024, 83 per cent of adults in Scotland held at least one credit or loan product (now or in the previous 12 months).
In 2024, 63 per cent of adults in Scotland held a credit card (now or in the previous 12 months).
In 2024, 21 per cent of adults in Scotland were overdrawn on a current account (now or in the previous 12 months).