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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Debt `delaying travel plans for grandparents`

15/09/2008

Debt problems are preventing many grandparents in the UK from fulfilling their travel plans, new figures suggest.

Produced by Scottish Widows, the research found that around 40 per cent of retirees who received a lump sum were forced to spend it on clearing their mortgage and other debts, as opposed to jetting off abroad.

It was also discovered that 49 per cent of people still working are not saving sufficiently for retirement, meaning they are leaving themselves at potential risk of personal finance problems after giving up work.

"If people take action now to start saving enough, then they will be able to make their retirement dreams and aspirations come true, avoiding what can be the reality of having to struggle to get by in later years," advised Ian Naismith, head of pensions market development at Scottish Widows.

Meanwhile, speaking to the Observer recently, Andrew Hagger of Moneynet expressed the importance of being organised when it comes to money, suggesting that keeping a handle on income and outgoings is crucial.

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according