financial challenges for today's over 55s
11 February 2010
Aviva’s first Real Retirement Report published today reveals that while many over 55s have significant financial concerns, those approaching retirement have finances in far worse shape than those either aged 65-74 or over 75.
Pre-retirees (55-64) have the lowest savings (£8,593), lowest incidences of home ownership (76%) and largest average mortgages (£16,694). Two fifths (40%) of pre-retirees save nothing per month and one fifth (20%) still owes more than £75,000 on their mortgage
for full details see http://www.aviva.com/media/news/5893/
Article written by Richard Talbot on 11 February 2010
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