Debt worries for new pensioners
A FIFTH of people planning to retire this year are still paying off debts, including mortgages, owing an average of more than £30,000.
About 21 per cent of people who expect to start drawing their pension during 2011 admitted they would not be debt-free when they stopped work, with a further 14 per cent saying they did not know if they would still owe money, according to Prudential.
The average person who expects to be in the red when they retire owes 33,100.