More news Number of Scots going bankrupt hits record high People in their early thirties have biggest debts and are most likely to miss repayments Debt firms told to drop misleading TV and radio advertising Bailiffs to get more powers but not much needed regulation Citizens Advice warns Record number of people going bust - and it's set to get worse	Problems With debt increase with age - Thomas Charles If you are over 55 you are more likely to experience debt problems and become insolvement than younger age groups according to research by YouGov for debt consultants, Thomas Charles. According to the research, one in four people in the UK who have debt are struggling to make repayments and the number of people facing insolvency has shot up by 38% in a year. Perhaps surprisingly though, it is those in the 55+ age group who are increasingly finding themselves in financial difficulty. 24% of those over the age of 55 with debts of £10,000 or more said that they were "quite likely" or "certain" to become insolvent compared to 18% of 35-44 year olds and 9% of 18-24 year olds. And 32% of over 55s with debts of £10,000 or more said that they faced difficulties meeting repayments "quite frequently" or "every month" compared to 24% of 35-44 year olds and 14% of 18-24 year olds. May 3rd , 2007

More news

Number of Scots going bankrupt hits record high

People in their early thirties have biggest debts and are most likely to miss repayments

Debt firms told to drop misleading TV and radio advertising

Bailiffs to get more powers but not much needed regulation Citizens Advice warns

Record number of people going bust - and it's set to get worse

Problems With debt increase with age - Thomas Charles

If you are over 55 you are more likely to experience debt problems and become insolvement than younger age groups according to research by YouGov for debt consultants, Thomas Charles.

According to the research, one in four people in the UK who have debt are struggling to make repayments and the number of people facing insolvency has shot up by 38% in a year.

Perhaps surprisingly though, it is those in the 55+ age group who are increasingly finding themselves in financial difficulty.

24% of those over the age of 55 with debts of £10,000 or more said that they were "quite likely" or "certain" to become insolvent compared to 18% of 35-44 year olds and 9% of 18-24 year olds.

And 32% of over 55s with debts of £10,000 or more said that they faced difficulties meeting repayments "quite frequently" or "every month" compared to 24% of 35-44 year olds and 14% of 18-24 year olds.

May 3rd , 2007

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