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PRimage financial alert: Retirees face increased debt! « PRImage

PRimage financial alert: Retirees face increased debt!

The PRimage teamĀ are slightly worried to read a new report which warns that borrowers approaching retirement owe four times more in debts than ten years ago!! The study, from Barclays and Help the Aged, found one in four people approaching state retirement age have outstanding consumer credit commitments – and owe four times as much as their counterparts did ten years ago. Judy Viitanen thinks that with the credit crunch kicking in, this is not good news for ’50-somethings’! What’s your view?

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