UK : Total Cumulative Debt Per Person (data needed) ...

[billstew]

UK : Total Cumulative Debt Per Person (data needed) ...

Source : http://hireme.geek.nz/US_Debt_Guesstimates.ods

RSVP :
mhev @ netzero.net (autoforwarded) if you have numbers, or here is OK

Max Keiser, moral problems if you don't care about the numbers:
http://blip.tv/file/1943449

Content and calculations thus far

PROTOTYPE	Known Data		Notes & Sources
	Total UK Population	60,900,123	Millions of people (UK Census 2006)
guesstimate	Total UK Working Population	52,069,605	Residents with tax generating income
guesstimate	Total UK Tax Paying Population	46,289,879	Residents “taxes > govt resources used”
guesstimate	Removal Working Population from % pop	14.50%	Remove children, elderly & poor
guesstimate	Removal non-Tax Paying Pop from % Working Pop	11.10%	Remove nominal tax payers
estimate	Governmental Interest Rate Average	4.25%	Guesstimate
estimate	Commercial Interest Rate Average (non CC)	8.10%	Guesstimate excluding Credit Cards
estimate	Consumer Interest Rate Average, housing	7.20%	Guesstimate
estimate	Consumer Interest Rate Average, non housing	15.10%	Guesstimate, mainly for credit cards
estimate	UK Government Debt	$24,301,010,000	Constant (2009) UKP
estimate	Local Govt Debt (city, regional utility districts, etc)	$4,301,010,002	Constant (2009) UKP
estimate	Consumer Housing Debt	$14,301,010,003	Constant (2009) UKP
estimate	Consumer Credit Card Debt, Car Loan Debt etc...	$4,301,010,004	Constant (2009) UKP
estimate	Commercial Sector Debt	$4,301,010,005	Constant (2009) UKP
subtotals	Interest Incurred Debt (commercial, 5 years)	$1,741,909,052	Constant (2009) UKP
subtotals	Interest Incurred Debt (consumer, 7 years)	$11,753,876,616	Constant (2009) UKP
subtotals	Interest Incurred Debt (governmental, 20 years)	$24,311,717,002	Constant (2009) UKP
	Debt Total	$89,312,552,683	Constant (2009) UKP
	Implied outcomes
subtotals	Debt per person	$1,467	What is owed per person
subtotals	Debt per working person	$1,715	What is owed per working person
subtotals	Debt per (working) tax paying person	$1,929	What is owed per tax paying person
subtotals	Debt per {Household}	$4,055	Total owed per household (2.28 per House)

[vanvaley1]

Re: UK : Total Cumulative Debt Per Person (data needed) ...

Damn. Startin' to look like my grocery bill.

[Rajiv]

Re: UK : Total Cumulative Debt Per Person (data needed) ...

Your figures are incorrect see UK Government Debt & Deficit

At the end of December 2008, general government debt was £750.3 billion, equivalent to 52.0 per cent of GDP.

[billstew]

Re: UK : Total Cumulative Debt Per Person (data needed) ...

Your figures are incorrect see UK Government Debt & Deficit

Yes, that I knew before hand ... note the text PROTOTYPE in the corner. I should have made it red, but did not get around to it.

Still that is only government numbers ... personal and commercial debt are still missing from the data.

I am busy, so someone will need to do more chart filling out (and source listing) to allow me to make the fixes.

Total cumulative debt calculations often require lots of searching for numbers.