New survey data has uncovered a concerning trend among graduates and high earners in the UK, revealing they are significantly more likely to have missed credit payments over the past year. This challenges traditional perceptions of financial stability among educated and higher-income groups.
Survey Highlights Payment Struggles Across Demographics
The research, conducted by specialist lender Pepper Money, found that across all respondents, one in ten people reported missing a credit payment in the twelve months leading up to autumn 2025. However, the figures reveal stark disparities when broken down by income and education level.
High Earners and Graduates Show Elevated Risk
Among six-figure earners, nearly a quarter (24%) had missed a payment during the survey period. For those with doctoral qualifications, the rate stood at 14%, while graduates generally recorded a 12% missed payment rate. This contrasts sharply with just 9% of lower earners with incomes under £10,000.
The age breakdown further illustrates the financial pressures facing younger adults. A concerning 21% of 18 to 24-year-olds reported missing payments, compared to a mere 3% of those aged 55 and over.
Underlying Causes of Financial Strain
Pepper Money suggests that access to larger credit facilities, combined with the burden of tuition fee debt, is amplifying financial risk even among those typically viewed as financially secure. The research indicates that many households are not overspending but are struggling to absorb multiple rising costs simultaneously.
Key factors contributing to debt accumulation include:
- Persistent cost of living increases
- Unexpected bills and financial emergencies
- Costs associated with supporting children into adulthood
Expert Commentary on Household Finances
Paul Adams from Pepper Money commented on the findings, stating, "These figures show just how close many households are to credit difficulty." He emphasised that the data reflects broader economic pressures rather than individual financial mismanagement.
Research Methodology and Scope
The survey was carried out by Opinium in September and October 2025, polling 4,000 people across the United Kingdom. The comprehensive sample provides a robust snapshot of credit payment behaviours amid ongoing economic challenges.
This research underscores the complex financial landscape facing UK households, where traditional markers of stability like higher education and income no longer guarantee protection against credit difficulties.
