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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`

Former yuppies now worrying about their finances

19/11/2007

Young professionals who enjoyed wealth in the 1980s are worried about their financial situation now despite their former status, a new poll has revealed.

So-called yuppies are now so concerned about their financial status, after years of high spending, that many are turning to professionals for debt advice, the survey by LV= suggests.

Despite high earnings, 40 per cent of former yuppies admit they did not save enough of their pay packet, while 14 per cent confess they did not think about retirement until they were in their 30s.

Nigel Snell, communications director of LV=, said: "Despite the champagne lifestyle and optimism of the time, our research reveals that many former high flyers have ended up no better off than the average midlife family. They are just as worried about meeting the monthly bills, the cost of bringing up their kids and how they will fund their old age."

The term yuppie was coined in 1982 but was phased out after several high profile financial market crashes.

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