Do you owe more than you earn?
Poll Started 05 Nov 07: Do you owe more than you earn? How much debt do you have compared to your annual income? We’re not talking any mortgage debt here; though if you’ve added other debts onto your mortgage, it's best to count that. Be prepared to be shocked… How to work it out? Step 1: Calculate your total debts. Don’t guess, add them up properly; this in itself is an important to-do. Step 2: Divide the total by your annual income. If you owe £5,000 and earn £20,000 your debts are a quarter of your earnings.
Poll Started 05 Nov 07:
Do you owe more than you earn?
How much debt do you have compared to your annual income? We’re not talking any mortgage debt here; though if you’ve added other debts onto your mortgage, it's best to count that. Be prepared to be shocked…
How to work it out?
Step 1: Calculate your total debts. Don’t guess, add them up properly; this in itself is an important to-do.
Step 2: Divide the total by your annual income. If you owe £5,000 and earn £20,000 your debts are a quarter of your earnings.
Results
| A. I’ve no debt/only mortgage debt. |  |
2,881 votes (38 %) |
| B. I owe less than a tenth (10%) of my annual income. | |
1,041 votes (14 %) |
| C. I owe less than a quarter (25%) of my annual income. | |
878 votes (12 %) |
| D. I owe less than half (50%) of my annual income. | |
719 votes (9 %) |
| E. I owe less than my annual income. | |
656 votes (9 %) |
| F. I owe more than my annual income. | |
693 votes (9 %) |
| G. I owe more than double my annual income. | |
303 votes (4 %) |
| H. I owe more than three times my annual income. | |
170 votes (2 %) |
| I. I owe more than five times my annual income. | |
229 votes (3 %) |
7,570 votes received.
We try to use technology to limit voting to one per person. Occasionally, this may erroneously block a few people's votes (eg, from shared offices). Apologies for that.
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