Pensioner debt help fears

New research has shown that pensioners are having to work in older age to try to ward off the need for debt solutions.

Figures from the Office of National Statistics (ONS) show that a quarter of retired people's income comes from employment.

Even with this extra money, retired households still account for two-in-five of the poorest fifth of all UK households.

This suggests that without earnings, they would be in even more dire need of debt help.

This is backed up by research from pension experts Hymans Robertson, who indicate that unskilled workers and people on benefits face a retirement savings gap of more than £7,500 (£7,558) per year.

Across the population, the average is more than £3,000 (£3, 216) a year, which could lead to more pensioners needing debt solutions.

Not a good message just before Older People Day on 1st October!

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