Retirement: 20% of people retire owing money

PrudentialShocking new figures have revealed that around 20% of people are retiring, despite the fact they are still in debt. The figures from the Prudential show that 1 in 5 retirees still have personal loans, credit cards or mortgages outstanding when they finish work, with the average debt totalling £31,200. As shocking as these figures might be, they are actually a slight improvement on last year, when the average amount of debt, for people retiring whilst still owing money, was £38,200. Retiring with debt Experts believe there ...