Retirees with shrinking finances may need debt consolidation
Retirees with shrinking finances may need debt consolidation
Monday 23rd November 2009
Try to avoid starting sentences with numbers 35 per cent of British consumers believe the effects of the economic downturn have led to a loss of some of their retirement funds and are looking into new ways to supplement their assets.
Almost a quarter of people (23 per cent) are cutting back on their outgoings in order to save enough money to make ends meet during retirement, while more than one in ten (12 per cent) have taken on a new job to supplement their pension pot.
Those who fear that debts will impinge on their plans for retirement could look into debt management solutions. Debt consolidation loans are just one of the solutions available.
Director of pensions at Aviva, Brian Bussell said:
"Understandably, the recession has forced people to think about their retirement income and many have realised that they may not have sufficient funds to live through their final years in the comfort they have grown accustomed to.
"We would encourage people to make use of their full range of assets, including investments, state benefits, pensions and property, to make sure that they aren't effectively cheating themselves out of the lifestyle they could enjoy."
Last week, the company which owns British Gas announced that the cost of buying energy had risen, sparking fears that energy prices could rise this winter, which could have a disproportionate effect on older people who tend to heat their homes for longer.
News article brought to you by Debt1 – The debt consolidation company
Related News
Consumers needing debt advice targeted by fraudsters - 20/11/09
British consumers struggling with their finances and in need of debt advice have been warned they could become victims of fraud if they are not careful
British consumers struggling with their finances and in need of debt advice have been warned they could become victims of fraud if they are not careful
£5 per gallon fuel may lead to drivers looking for debt consolidation - 19/11/09
Drivers who owe money may need debt consolidation after it was revealed that petrol prices are set to climb to £5 per gallon this Christmas, the equivalent of 110p per litre
Drivers who owe money may need debt consolidation after it was revealed that petrol prices are set to climb to £5 per gallon this Christmas, the equivalent of 110p per litre
Debt management can help savers struggling with low returns - 18/11/09
Low returns on savings accounts mean that most no longer pay a real return on savers' money, which may result in more people requiring debt management
Low returns on savings accounts mean that most no longer pay a real return on savers' money, which may result in more people requiring debt management
Low state pension may force many to get debt management - 13/11/09
Seven out of ten people think Britain is not doing enough for its retired population and three quarters believe there should be an increase in the state pension
Seven out of ten people think Britain is not doing enough for its retired population and three quarters believe there should be an increase in the state pension
'Shrinking wages' increase need for debt consolidation - 12/11/09
The pay gap between the super-rich and those on low or middle incomes is increasing and played a part in causing the global financial crisis, according to research published by the Trades Union Congress (TUC) today
The pay gap between the super-rich and those on low or middle incomes is increasing and played a part in causing the global financial crisis, according to research published by the Trades Union Congress (TUC) today
News Article Search
Quick Apply
News Archive