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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`

Brits `worried about retirement debt`

19/09/2008

Many Britons are concerned that their pensions will not be sufficient to see them through their retirement, potentially meaning they will be facing debt and other personal finance problems.

This is according to research conducted by YouGov on behalf of GE Money and MoneyBasics.co.uk, which found that only 27 per cent of people questioned were confident their pensions would provide them with enough income.

It was also found that, whereas 35 per cent of men reported being confident in their retirement finances, only 18 per cent of women displayed such optimism.

"Retirement is a key life stage that requires early financial planning. Good financial management and being able to plan and save for the future is an important part of maintaining the family finances," advised Martyn Beauchamp, chief marketing officer of GE Money.

Meanwhile, figures produced recently by Alliance Trust indicated that the over-75 age group continues to be the hardest hit by rising prices, potentially causing pensioners debt worries.

According to the firm, the inflation rate facing elderly people in the UK has risen to seven per cent.

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