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AXA claims a high proportion of pensioners have money worries
Consumers who are keen to keep tabs on their personal finance situation might have noted details of one report by AXA.
The organisation has announced details of its Money Sickness Syndrome study, which outlined how Britain's pensioners are increasingly worried about money issues.
With the government unveiling plans to increase the retirement age to 65, it appears that many older individuals are expressing their concern about a whole range of dilemmas.
The report showed that pensioners are the most likely group to cite money worries as a cause of stress, with three-quarters of this age bracket admitting to feeling apprehensive about their financial position.
In fact, 43 per cent of this group claim they suffer from anxiety over the issue.
Eugene Farrell, head of psychological health and wellbeing at AXA, said that given the UK's ageing population, "such financial and health issues are a major concern for us as a nation and the consequences are likely to only get worse in the years to come".
Recently, the Consumer Credit Counselling Service claimed that a rise in repossessions might be on the cards.
Posted by Mark Phillips
16/08/2010 17:11
News category: Consumer