From The Telegraph:
Dangers of debt are beginning to be felt among all age groups – not just the young, writes Ian Cowie.
Although there is no cause for panic, as personal debt is well covered by the United Kingdom’s housing stock, the figures clearly illustrate the continuing problem of growing personal debt.
To return to where I began, most of us are wearily familiar with predictions that thousands of young and middle-aged people are set for financial pain in the months ahead. But the daunting news this week is that the outlook could be even worse for older borrowers.
Is this proof that we British are barking mad?
Ewan McNeil, a former president of the society of practising veterinary surgeons, muses: “We are a nation of animal lovers, and many of us regard our pet as part of the family.”…