Losses caused by the credit crunch have fallen slightly as the economy improves, according to a new study.
Figures released by PricewaterhouseCoopers (PwC) show that total personal loss caused by the meltdown stood at £1.7 trillion in May 2009, down from its peak of £1.9 trillion in March.
The latest sum equates to an average of £36,000 for every adult in the country, a fall from £40,000 at the end of the first quarter of this year.
According to PwC, the change has been prompted by a recovery in house prices and the stock market.
John Hawksworth, head of macroeconomics at PwC, said: "We are beginning to see the positive effects of earlier interest rate cuts, recent money supply increases through quantitative easing and fiscal stimulus measures coming through, which should support economic growth."
However, rising unemployment could see house prices fall again, he warned.
Earlier this month, research by KPMG revealed that British companies do not expect the economy to enter recovery until 2011.
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