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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`

Britons risking debt by not saving for retirement

07/04/2010

According to a survey by the Department for Work and Pensions, under half of Britons are actively saving for retirement, the Telegraph reports, which could be putting them at risk of debt when they finish working.

Only 17% of those questioned thought that putting money into a pension pot wasn`t the best way to save for their retirement, but just 48% are actually saving like this in preparation for retirement.

Young people, according to the findings, are the most likely to put off saving for when they retire, with 80% of those aged between 18 and 24 and 50% of those aged 25 to 34 not saving at the moment.

Separate research from the Association of British Insurers (ABI) found that six out of 10 people who aren`t putting money aside think the benefits of saving have fallen during the past year, with 54% of those who are saving also feeling the same way.

Meanwhile, there are also `signs that the rate at which people are paying down their debts is starting to slow` - with just 12% of people starting to pay down their mortgage debt or increasing the rate at which they were doing so (compared with 24% three months ago), and 30% increasing the rate at which they are paying down their unsecured debt (also down, from 33% three months earlier).

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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