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Debt among pensioners has risen, according to new figures.
Produced by Just Retirement, they indicate that 24 per cent of people approaching retirement are in debt.
Meanwhile, the disposable income of people in their post-work years is also said to be declining as a result of rising living costs, with gas and electricity having increased in price by more than 40 per cent this year.
"An increasing number of potential retirees - one in four - are unable to rid themselves of their debts, potentially taking them with them forever," stated Nigel Barlow, head of retirement solutions at Just Retirement.
He added that 12 per cent of people coming up to the retirement age are planning to continue working in order to boost their income.
Recently Age Concern called on the government to ensure that its fiscal stimulus package reaches older people in the UK and eases their financial concerns.
