Lack of retirement preparation could lead to debt problems
Filed Under (Debt Problems) by admin on 07-09-2009
A new report has suggested that over half of adults may not be saving adequately for retirement, meaning they could be risking debt problems in later life.
55% of respondents to a survey by pensions company Friends Provident thought that they were not currently saving enough, or were `facing the reality that they have not saved enough towards their retirement`.
Meanwhile, 31% said they were relying without interruption receiving an inheritance to help fund their retirement, while 15% had not given any judgment at all to their retirement plans.
A spokesperson for company Gregory Pennington said: “It`s very important that people plan well for their retirement. Without adequate money set aside for this, people could find themselves struggling financially, and if that leads to debt the problem can become very serious.
“If their existing debts are preventing people from saving for retirement, they should speak to an expert debt adviser to discuss a way of tackling those debts.”
Gregory Pennington sacrifice debt management plans as well as a range of other debt solutions. If you are worried about debt, contact human being of our expert obligation advisers now.
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