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p.p.

1 In 5 Retirees Still Paying Off Mortgage

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:blink: She's not through this through has she? :blink:

No plans how to pay the mortgage when she's retires, and currently wandering how she'll cope when her fix resets in a few years time.

Oh dear.

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WTF is she doing even thinking about retiring when she still has £38K left to pay off? The only option she has is to carry on working or downsize if possible.

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:blink: She's not through this through has she? :blink:

No plans how to pay the mortgage when she's retires, and currently wandering how she'll cope when her fix resets in a few years time.

Oh dear.

This is what young couples are doing in their tens of thousands. Evidently, she has a young mind :lol:

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WTF is she doing even thinking about retiring when she still has £38K left to pay off? The only option she has is to carry on working or downsize if possible.

So 4 out of 5 retirees has paid the mortgage off completely.

38 K is nothing.

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So 4 out of 5 retirees has paid the mortgage off completely.

38 K is nothing.

you forgot the little smiley face :rolleyes::lol:

or are you serious????

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My mum and dad have about 70K, IO. Dad retires in around 8 years, mum -1 years.

Shed loads of equity (over 300K), but still, they're looking at moving.

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Guest Charlie The Tramp
1 In 5 Retirees Still Paying Off Mortgage

Old news, Credit Action have been including this info in their monthly stats the past 2 years.

The BBC have just caught up. ;)

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The market ramping (generally) retirees seem to be having problems with the ensuing cost of living.

They will not get bailed out by a younger generation who have carried the can of their excesses.

The YouGov survey, which questioned 5,414 people, found that the average household income for retired workers is £22,900.

When asked how much they would need to feel well off, pensioners said £27,700 on average. :blink:

http://www.dailymail.co.uk/pages/live/arti...mp;in_a_source=

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another reason I don't really hold with all the "boomer bashing" that sometimes goes on. Many of the more bullish boomers are themselves hocked up to the eyeballs and are sleepwalking toward a retirement characterised by penury.

That poor old(ish) dear on the BBC this morning really had no idea what she was doing, did she? I'm afraid this is quite commonplace.

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