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Nearly one in five will enter retirement with outstanding debts

NEARLY one in five (18 per cent) of those planning to retire this year will have outstanding debts, averaging £31,200 each, according to new figures from Prudential.

NEARLY one in five (18 per cent) of those planning to retire this year will have outstanding debts, averaging £31,200 each, according to new figures from Prudential.

The average owed has fallen by nearly a fifth since last year when the average owed was £38,200. The average owed by men fell from £45,300 in 2012 to £33,800 this year, while for women with debts it fell from £29,400 to £28,100.

 

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