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Centre for Policy on Ageing | |
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Problem debt among older people
— Age UK's summary of research | | Corporate Author | International Longevity Centre UK - ILC-UK; Age UK |
| Publisher | Age UK, London, June 2013 |
| Pages | 20 pp |
| Source | Age UK, Tavis Houe, 1-6 Tavistock Square, London WC1H 9NA. Download: http://www.ageuk.org.uk/documents/en-gb/for-profes... |
| Keywords | Financial services [older people] ; Poor elderly ; Consumer protection ; Research Reviews. |
| Annotation | Age UK's definition of problem debt is based on unsecured debt, and where people are paying more than a specified proportion of their income. Age UK commissioned the International Longevity Centre - UK (ILC-UK) to analyse recent data on debt and older people. However, mortgage debt is not included because of missing data and/or variables. Three large national surveys were analysed: the British Social Attitudes Survey, Family Resources Survey (FRS), and the English Longitudinal Survey of Ageing (ELSA). Most of the analysis in this summary is from the five 'waves' of data published since 2002, which tracks individuals aged 50+. The research found that among those aged 50+, debt is more likely to affect younger age groups: increasing age is still associated with more negative views towards debt. The full research report by Dylan Kneale and Trinley Walker, 'Tales of the tallyman: debt and problem debt among older people' is available on ILC-UK's website (www.ilcuuk.org.uk). (RH). |
| Accession Number | CPA-130607001 E |
| Classmark | J: F:W6: 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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