Data released by debt management specialists has revealed that increasing numbers of older UK citizens are finding it difficult to cope with the recession, and are unable to quit work since they have to maintain excessive debt repayment levels. According to recently released figures nearly 2 million people are planning on working beyond their retirement, [...]
pensioners
Pensioners forced to cut fuel bills amid debt management worries
Older people are having to reduce their energy usage as their fuel bills soar, in a bid to stave off debt management worries. According to the Institute for Fiscal Studies, pensioners have seen their electricity bills rise by 36per cent in the two years to April 2007, while gas bills have soared jump by 55 [...]
Pensioners in Britain most likely to have debt management issues
Britain’s over 65′s are amongst the poorest in Europe, and as a result could be most likely to suffer from debt management issues and subsequent poverty. Our pensioners are worse off than their counterparts in countries such as Poland, Romania and France, according to figures published by the European Commission. The study, analysing relative poverty [...]