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Centre for Policy on Ageing | |
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Debt and older people
— executive summary | | Corporate Author | Help the Aged; Personal Finance Research Centre (PFRC), University of Bristol |
| Publisher | Help the Aged, London, 2008 |
| Pages | 5 pp |
| Source | Help the Aged, 207-221 Pentonville Road, London N1 9UZ. E-mail: info@helptheaged.org.uk Website: www.helptheaged.org.uk |
| Keywords | Financial services [older people] ; Poor elderly ; Mortgages ; Consumer protection ; Research Reviews. |
| Annotation | While the propensity to borrow money declines with age, there is increasing concern that problems arising from borrowing could have a negative impact on efforts to tackle pensioner poverty. Help the Aged, with financial support from Barclays, commissioned the Personal Finance Research Centre (PFRC) to undertake a detailed study of the extent and nature of borrowing and financial difficulties among people aged 50+. The research involved analysis of five nationally representative social survey datasets and a review of the existing research literature. This summary outlines findings on unsecured credit use, mortgage holding, and financial difficulties among older people. Help the Aged's recommendations include financial education for all; introducing age discrimination legislation covering goods and services; and efforts to tackle pensioner poverty through the Social Fund and the government's Public Service Agreement 17. This publication is part of the Help the Aged / Barclays Your Money Matters Programme, which is designed to improve the skills, confidence and financial situation of older people, by providing basic money management and debt advice. (RH). |
| Accession Number | CPA-080414001 P |
| Classmark | J: F:W6: WQA: WYP: 3A:6KC |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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