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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`

Almost one in four ‘expect to delay retirement’

14/01/2009

A new survey has suggested that almost one in four workers now feel they will have to delay their retirement due to the economic crisis.

The research, carried out by Life Trust, also claims that 12% of workers expect to delay their retirement by as much as five years.

The responses from those approaching potential early retirement were more serious. Nearly a third of the 45-54 age range expected to have to delay their retirement, with 19% of this group expecting to extend their careers by five years or more. Meanwhile, 41% of the 55+ age group said they would be delaying retirement, with 15% of this group expecting to do so by more than five years.

A spokesperson for Debt Advisers Direct commented: “The economic crisis has affected most of us in some way, and the pressure from rising costs and increasing levels of debt has caused many people to rethink their plans for the future.

“We strongly advise people to make sure they are saving adequately for retirement, and anyone approaching potential early retirement age to ensure they are prepared financially and are tackling any problem debts.”

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans and IVAs (Individual Voluntary Arrangements).

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