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  1. ITV Report

1 in 4 retiring with debts

Photo: pa

Nearly one in five people retiring in 2018 will be doing so in debt - owing almost £34,000 on average according to a new report. Credit cards and mortgages the most likely sources of borrowing still left to pay off. And people in the North West of England are the most likely to be expecting to retire in debt.

6% of retired people don't believe they'll ever pay off their debts Credit: pa

.....it is worrying to see the rapid increase of a pensioner's average debt

– Vince Smith-Hughes, Retirement income expert