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Aviva's Family Finances report found that average debt now stands at £13,520 – a climb of £4,000 from £9,520 last summer.
The Family Finances Report from insurer Aviva reveals that the average family now owes £2,266 on credit cards, £1,895 on loans and £1,650 on overdrafts.
Aviva interviewed more than 2,000 people aged 18-55 as part of its regular family finances report, "with additional interviews among 18-35s theing totalotal in this age group to 1,073 for the spotlight on millennials".
Gingerbread, the charity that campaigns for single-parent families, produced a Family Finances report in January which found that 60% of unemployed lone parents run out of money at some point before the next weekly or monthly benefit payment arrives, with 10% saying they always do.
The findings are contained in Aviva's first Family Finances Report, which looks at the financial pressures faced by the 84% of the population who live as part of a "UK modern family": which, perhaps oddly, some might think, includes couples without children.
According to the latest Aviva Family and Finances report, the average British household maintains just over £3,000 in savings and investments, but one-in-four UK households has less than £100 pounds saved.
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