Debts of the Over-60s Soar by 25pc As They Take Out Loans to Live

Daily MailJune 23, 2006

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Summary


A GROWING number of the elderly are facing a cash crisis, according to a debt advice charity.

It says levels of 'extreme debt' have shot up dramatically while the average debt among over-60s asking for help has risen by 25 per cent to Pounds 33,658.

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Debts of the Over-60s Soar by 25pc As They Take Out Loans to Live

Traditionally considered financially stable with their own home, a pension and a nest egg, the elderly have been aggressively targeted by bank...

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