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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`

Charity calls for more action to help struggling pensioners

23/10/2008

Charity Age Concern has called on the government to provide greater financial assistance to pensioners struggling with their personal finances.

According to the organisation, as the cost of living increases, such people are facing mounting pressures on their money, potentially meaning they may end up with debt problems.

Director general of Age Concern Gordon Lishman said: "With over two million pensioners living below the poverty line and thousands more struggling to pay basic household bills, it`s clear that current measures to lift pensioners out of poverty are falling pitifully short of the mark."

He went on to suggest that the government should be working harder to ensure that the £5 billion in unclaimed benefits for pensioners gets to the people who need it.

Figures released recently by the Alliance Trust Research Centre suggested that the rate of inflation for the elderly has hit a six-year high of 7.8 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