 Pensions |
| Search News |
|
|
| Find an IFA |
|
|
| Browse |
|
| UK Spotlight |
A recent report by BDO Stoy Hayward has revealed that true extent of rising business fraud across the UK. The study has shown an alarming 74% rise over the last six months and signs that worse is...
→
Read More
|
|
| Disclaimer |
| Financialadvice.co.uk adheres to the Financial
Services and Markets Act 2000. This site contains only factual and
readily available public information. |
|
|
|
cheap loans
Big or small loans come check us out at All About Loans to find loans that are not only right for you, but cheap too!
|
|
|
|
|
|
Friday 21st December 2007
New research has suggested that the 'buy now, pay later' culture is catching up with the older generations.
According to figures from Callcredit, as many as 16 per cent of over 55s cannot define their debt levels and many are beginning to face serious difficulties with their finances.
Commenting on the figures, Mark Ward, consumer debt expert at Callcredit, said: "It is a sobering reminder about the importance of being responsible when taking on debt and always thinking about how you will repay the money you owe."
He added: "It is essential that people start to borrow more carefully in order to avoid having to owe more than we are able to pay back."
Callcredit warns that the problem will get worse because many people are not saving for their retirement and will therefore end up getting further into debt as they get older.
Over 1.5 million people aged over 55 said that they could not retire at state pension age because they would not have enough money to live on, the research found.
|
→ Full Pensions News Archive
→ Return to Homepage |
|
|
|
| Other top stories in this section:
|
|
|
|
.gif)
.gif)
.gif)
