Pensions  

People may enter retirement in debt: research

People may enter retirement in debt: research

One in 10 people aged 45 and above do not expect to clear all their debts before retirement, research has found.

The Key Retirement research among 3052 people found that 10 per cent did not expect to clear their debts before retirement, with a further 9 per cent unsure that they would.

Dean Mirfin, Key Retirement’s group director, said: “Lenders have to be responsible and ensure that customers can afford to repay but at the same time there are millions of over-55s who are creditworthy and should be able to borrow responsibly.”

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